Dear Readers,
As per the decisions of the 56th GST Council Meeting, the revised rates of goods / services are being applicable from 22nd September, 2025 (except for Pan Masala, Tobacco etc.) and various notifications were issued by CBIC on 17th September, 2025 notifying the revised rates from 22nd September, 2025.
The revised rates can be accessed at;
For Goods Tax Rate of Goods – w.e.f 22nd Sept 2025
For Services Tax rate of Services – changed from 22.09.25
Compensation Cess
The entries for compensation cess has been notified as NIL (except for Pan Masala, Tobacco etc.)
Implications;
- The goods which are attracting compensation cess till 21st September, 2025 will no longer be attracted.
- Thus, the ITC of the Compensation Cess as equivalent to the goods lying on stock as on the closing of 21st September, 2025 is required to be reversed through Electronic Credit or Cash Ledger.
- No relief at present by the Government.
Detailed Version (Click on the Link)
You may refer to our Presentation on Decisions of the 56th GST Council Meeting.
