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The 55th GST Council meeting and subsequent issuance of eight notifications by the CBIC on January 16, 2025, reflect ongoing efforts to refine and enhance the GST framework. These aim to streamline tax rates, exemptions, compliance mechanisms, and definitions to ensure greater clarity and fairness in the GST framework.
Reverse Charge Mechanism under GST has undergone significant changes with the introduction of Notification No. 07/2025-Central Tax (Rate). Key Changes via Notification No. 07/2025-Central Tax (Rate) are mention below:
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