GSTR-1 is a monthly/quarterly return that summarises all sales (outward supplies) of a taxpayer. You must make sure that a valid GSTIN is filled while entering sales invoice details.The due date for filing monthly GSTR-1 for July 2025 is 11th August 2025. For quarterly GSTR-1 filers under the QRMP scheme, the due date for August (part of the July–September 2025 quarter) is 13th October 2025.Latest Updates12th July 2025GSTN has reposted on the social media urging taxpayers having issue with B2C table of Table-12 of GSTR-1 wherever left blank. For this, they can enter any HSN code and UQC in Table 12A and fill all the other fielsds with “0” to proceed. 11th June 2025A communication was issued by GSTN through their offical social media handle regarding B2C table of Table -12 of GSTR-1. Taxpayers having only B2C supplies were facing issues in leaving 12A table (B2B HSN Summary) as blank.

In this article, we will discusss about the impact of GST on wholesalers and retailers in detail. The introduction of GST 2.0 rate reset in the year 2025 has allowed many wholesalers and retailers to improve their business growth with GST rate reductions translating into price reductions. Read further as we decode the GST impact on wholesalers and retailers.Key TakeawaysThe 56th GST Council meeting has announced important updates with changes effective from 22nd September 2025:GST on Pan Masala, Gutkha, Cigarettes & Tobacco to be levied on Retail Sale Price (RSP) instead of transaction value.GST on Medicaments (mixed, not in retail packs)  reduced from 12% to 5%.GST on Medicaments (measured doses/retail packs)  reduced from 12% to 5%.GST on Ayurvedic, Unani, Siddha, Homoeopathic, Bio-chemic medicines ,covered under reduced GST slab of 5%.GST on Medical dressings (wadding, gauze, bandages, adhesive plasters, etc.) reduced from 12% to 5%.GST on Sewing thread of artificial filaments has been reduced from 12% to 5%.GST 2.0 Rate Reset ImpactGST 2.0 rate reset has restructured the GST rate slabs, removing 12% and 28% slabs, with effect from 22nd September 2025. Accordingly many FMCG items and medicines are reclassified into the lower tax brackets. Even the effective rate of GST on big cars are reduced from earlier 50% (28% plus cess) to 40% (with no cess). Goods and Services Tax Act (GST law) has undergone significant changes very few times after its implementation in 2017.

Goods and service tax or GST subsumed most of the indirect taxes. It brought us to the “One nation one tax” regime. Accounting under GST is more simple compared to the erstwhile VAT and excise. However, one must understand and pass accounting entries in the books of accounts regularly. It is crucial so as to ensure minimal or no mismatches between the books of accounts and the GST returns, such as GSTR-1, GSTR-2B and GSTR-3B. It would further help in accurate and faster reconciliation of yearly accounts for GSTR-9 filing for the financial year.

The GST landscape for old and refurbished cars has undergone significant changes, simplifying tax compliance for dealers and buyers alike. With the 56th GST Council meeting introducing a uniform GST rate on used vehicles and CBIC notifying the same, the tax structure now focuses on profit margins rather than the entire sale value. This shift clears misconceptions like "tax on losses" and ensures fairness in the second-hand car market.Key takeawaysThe GST rate on used cars will remain 18%, applied on profit margins instead of the full sale value.As a business owner or buyer, understanding GST rates, HSN codes, and key rules is essential to navigate this evolving framework. In this article, we’ll explore everything from applicability to recent updates and practical scenarios for GST on used cars.Understanding GST on Used CarsLevy of GST on used cars is based on the taxable event called as supply. The definition of supply under includes all kinds of sale, exchange, transfer, barter, lease, rental, license and disposal undertaken for the furtherance of business consideration.

With the implementation of Goods and Services Tax (GST), the taxation on gold in India has changed significantly. 3% GST applies to both 24 carat and 22 carat gold, affecting physical gold purchases. The taxation of gold in India has been significantly impacted by implementing the Goods and Services Tax (GST).GST Rate on Gold Purchase: The GST on gold in India is 3% (1.5% CGST + 1.5% SGST) of its value. For example, a ₹1,00,000 gold purchase attracts ₹3,000 GST. This rate applies to all gold forms, including jewellery, coins, and bars.This article explains the GST rates on gold and how GST applies when buying gold.Latest Updates23rd July 2024In the Union Budget 2024, the Finance Minister announced to reduce the custom duty on import of Gold by 9% and the new rates were subsequently notified by the CBIC.Type of Custom Duty/ RatesGold Bar and FindingsGold Dore Old NewOldNewBasic Custom Duty (BCD)10%5%10%5%Agriculture Infrastructure and Development Cess(AIDC)5%1%4.35%0.35%Total15%6%14.35%5.35%GST Rates on GoldIn India, gold is available in 24 carat and 22 carat and below are the applicable GST rates: 24 carat gold GST rate in IndiaGST on 24 carat physical gold is set at 3%.

GSTR-2B is a new static month-wise auto-drafted statement for regular taxpayers (whether or not opted into the QRMP scheme) introduced on the GST portal. The statement was launched from the August 2020 tax period onwards.Latest Updates Union Budget 2025Amendments in Section 38 of the CGST Act, 2017*Section 38(1) is being amended to omit the expression "autogenerated" indicating that the ITC statement i.e. GSTR-2B may no longer be entirely system-generated. Businesses now might need to validate and reconcile invoices and ITC through Invoice Management System (IMS) rather than relying solely on system-generated data.*The decision will apply once the relevant notification is issued.Introduction to GSTR-2BGSTR-2B provides eligible and ineligible Input Tax Credit (ITC) for each month, similar to GSTR-2A but remains constant or unchanged for a period. In other words, whenever a GSTR-2B for a month is accessed on the GST portal, the data in it remains the same without being changed for subsequent changes by their suppliers in later months. GSTR-2B is available to all normal, SEZ and casual taxpayers.

GSTR-3B is the summary return that taxpayers must file regularly to show details of sales, ITC claims, tax liability, refunds, etc recorded on their GSTIN. This article gives a comprehensive overview of GSTR-3B and its applicability. Clear provides an end-to-end GSTR-3B filing solution with advanced features for automating sales and ITC reconciliations, maximising ITC claims, Table-4 reporting, ITC offset, vendor communication and filing. Continue reading to know more about GSTR 3B.Latest UpdatesGSTR-3B Due Date for September 2025The due date of the monthly GSTR-3B for September 2025 is now extended from 20th October 2025 to 25th October 2025. Likewise, the quarterly GSTR-3B for Q2 of FY'26 has been extended from 22nd/24th October 2025 to 25th October 2025.

GST notifications are issued by the department from time to time to keep the concerned people updated regarding changes made by the department with regard to various compliance procedures, tax rates, and similar matters.We have for you here, an updated summary of all such notifications issued in a summarised form. If you want to refer to any GST circular or order or removal of difficulties order, visit our page on “GST Circulars and Orders”.Recent Central Tax Rate NotificationsNotification NumberDateSubjectDescription17/2025-Central Tax (Rate)17/09/2025Reverse charge on local delivery service by ECOAdds a clause in the principal notification 17/2017-CTR, specifies that the e-commerce operator shall pay GST under RCM on services by way of local delivery except where the person supplying such services through the electronic commerce operator is liable for mandatory GST registration under section 22(1)This notification is effective from 22nd September 202516/2025-Central Tax (Rate)17/09/2025Exemptions to services- Removal of Local delivery by or through ECO & including individual health/life insurance- Amends the definition of GTA given under the principal Notification 12/2017-CTR to exclude local delivery by or through ECO (e-commerce operator)- Inserts exemptions for individual health/life insurance & reinsurance- Clarifies that certain local delivery by or through e-commerce operator are excluded from certain exemptions- Defines ‘group’ and ‘health insurance business’.This notification is effective from 22nd September 202515/2025-Central Tax (Rate)17/09/2025Comprehensive service rate changesAmends the GST rates on various services under the principal Notification 11/2017-CTR, as follows-1) New rate 18%- Transport services (non-Indian railways container transport, multimodal transport), courier and postal services, local delivery through e-commerce operators, professional and business services, manufacturing job work. (Previously 12% GST).2) New rate 5%- Tailoring services, job work for food, textiles, printing educational materials, brick manufacturing, handicrafts, beauty and cleaning services.3) New rate 1.5%- Job work on diamonds.Tightened rules on input tax credit claims with clear exceptions and illustrations.This notification is effective from 22nd September 2025It is also clarified with respect to renting, that ‘premises’ means a place from where hotel accommodation services are being supplied or are to be supplied, with effect from 1st April 2025.14/2025-Central Tax (Rate)17/09/2025GST rate notified for bricks/tilesNotifies GST at 12% for fly ash bricks, building bricks, fossil bricks, earthen/roofing tiles; clarifies product codes and coverage. This notification is effective from 22nd September 2025.13/2025-Cental Tax (Rate)17/09/2025Reduced GST rate on handmade items and handicrafts, etc.Substitutes the previous notification 21/2018-CTR. It replaces the entire GST rate table.The new rates prescribed are 5% GST for a wide array of handicraft items including woodcraft, embroidery, coir, pottery, glassware, bamboo and cane crafts, paintings, sculptures, etc.Additionally, silver filigree work, handmade imitation jewellery and natural seed/bead jewellery attract a concessional rate of 3%.This notification is effective from 22nd September 2025.12/2025-Central Tax (Rate)17/09/2025Amendment to used motor vehiclesThe notification changes the reference for used motor vehicles (petrol/ diesel/ SUVs) from the older schedule (Schedule IV of 01/2017) to the updated schedules (Schedule II or III of 09/2025).This notification is to be effective from 22nd September 202511/2025-Central Tax (Rate)17/09/2025GST rate amendment for petroleum and coal bed methane operations The rate is changed from the earlier 12% to 18%. This amendment will be effective from 22nd September 2025.10/2025-Central Tax(Rate)17/09/2025Revised exemption list for goodsSupersedes 02/2017-CTR to update the list of goods exempt from central GST, expands exemptions especially for agricultural, food, health, and education items. Also, defines terms such as ‘pre-packaged and labelled’, “unit container” and clarifies the scope of items such as the drugs in Annexure I & musical instruments in Annexure II.This notification is to be effective from 22nd September 202509/2025-Central Tax (Rate)17/09/2025Revised tax rates and schedulesSupersedes 01/2017-CTR to notify GST rates on various goods by detailed schedules. This includes major slab restructuring and new product/sector coverage.Schedule I (5%): Essential goods (food grains, dairy, pulses, spices, medicines, renewable energy)Schedule II (18%): Processed foods, spirits, cement, ores, sports goods, toys, art, manufactured productsSchedule III (40%): Soft drinks, luxury vehicles, yachts, aircraft, gamblingSchedule IV (3%): Gold/precious metal jewellery, silver coins, handcrafted idols, platinum products, semi-processed gems, handicraftsSchedule V (0.25%) & Schedule VI (1.5%): Rough diamonds, industrial diamonds, uncut gemstonesSchedule VII (28%): Pan masala, Tobacco, cigarettesThese changes are to be effective from 22nd September 2025Central Tax NotificationsNotification NumberDateSubjectDescription17/202518/10/2025Seeks to extend date of filing GSTR-3BThe due date of the monthly GSTR-3B for September 2025 is now extended from 20th October 2025 to 25th October 2025. Likewise, the quarterly GSTR-3B for Q2 of FY'26 has been extended from 22nd/24th October 2025 to 25th October 2025.

GST calendar helps every registered business and professionals to be ready for compliance well in advance. GST Dates are crucial for every taxpayer to file the GST returns and prescribed forms under the GST law to avoid incurring any interest or late fees. You can identify the right GST return to file by knowing the type of registration obtained for your GSTIN, using the GST search tool.The CBIC continues to extend the GST Dates of various returns and forms under GST. Accordingly, our handy GST calendar can remind you when to pay tax and file your GST returns.Annual GST CalendarDownload FY 2025-26 Calendar Download FY 2024-25 CalendarGST due dates in October 2025Here is the GST calendar for October 2025 at a glance-Due date*FormsPeriodDescription      10th OctoberGSTR-7(Monthly)Sept'25Summary of Tax Deducted at Source (TDS) and deposited under GST laws  GSTR-8(Monthly)Sept'25Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators under GST laws11th OctoberGSTR-1(Monthly)Sept'25Summary of outward supplies where turnover >Rs.5 crore (in the current FY and the previous FY) or have not chosen the QRMP scheme for Jul-Sep'2513th OctoberGSTR-1(Quarterly)Jul-Sep'25Summary of outward supplies by taxpayers who have opted for the QRMP scheme**GSTR-5(Monthly)Sept'25Summary of outward taxable supplies and tax payable by a non-resident taxable personGSTR-6(Monthly)Sept'25Details of ITC received and distributed by an ISD18th OctoberCMP-08(Quarterly)Jul-Sep'25Quarterly challan-cum-statement to be furnished by composition taxpayers20th OctoberGSTR-5A(Monthly)Sept'25Summary of outward taxable supplies and tax payable by a person supplying OIDAR services 25th OctoberGSTR-3B(Monthly)Sept'25Summary return for taxpayers with turnover more than Rs.5 crore (in the current FY and the previous FY) or have not chosen the QRMP scheme for Jul-Sep'25GSTR-3B (Quarterly)Jul-Sep'25Summary return for taxpayers who have opted for the QRMP scheme and are registered in category X# and Y## states or UTsITC-04(Half-yearly)Apr-Sept'25Half-yearly summary of goods sent to or received from a job worker for those with a turnover of more than Rs.5 crore in the last FY28th OctoberGSTR-11Sept’25Statement of inward supplies by persons having a Unique Identification Number (UIN) for claiming a GST refundNote: Small taxpayers, i.e. taxpayers with turnover up to Rs.5 crore in the previous financial year, can opt in or out of the Quarterly Return filing and Monthly Payment of taxes (QRMP) scheme for the Oct-Dec 2025 quarter on or before 31st October 2025.*The due dates mentioned are subject to changes notified by the concerned department.#Category X: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union Territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep.##Category Y:  Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, the Union Territories of Jammu and Kashmir, Ladakh, Chandigarh and New Delhi.Overview of the GST returns filing structureRegular taxpayersThe GST returns in forms GSTR-1 and GSTR-3B are to be filed by businesses and professionals registered under GST every month if their annual aggregate turnover during the financial year exceeds Rs.5 crore (Was Rs.1.5 crore up to December 2020).

GST registration is an essential compliance for any business or professional in India. There are set criteria for one to qualify for the GST registration. Alternatively, businesses can also voluntarily obtain GST registration or GSTIN. In this article, we will cover the following aspects for one to learn about GST registration in India.Meaning of GST registrationEligibility for GST registrationBenefits of GST registrationGST registration processGST registration feeDocuments for GST registrationGSTINGST registration certificateConsequences of not obtaining GST registrationLatest Update17th April 2025The CBIC issued instructions to its GST officers in Central Tax Instruction No. 03/2025-GST.