https://www.taxtmi.com/news?id=54663 The tax administration will implement a simplified GST slab structure with a special rate for demerit goods effective on the rollout date, is preparing backend technology and engaging industry for ERP and return filing software upgrades, and permits businesses to utilise accumulated input tax credit to pay GST liabilities after the new rates apply; transitional guidance anticipates short term ITC accumulation and a temporary dip in collections with expected recovery as consumption increases. en-us Thu, 04 Sep 2025 20:16:03 +0530 Thu, 04 Sep 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54663 The tax administration will implement a simplified GST slab structure with a special rate for demerit goods effective on the rollout date, is preparing backend technology and engaging industry for ERP and return filing software upgrades, and permits businesses to utilise accumulated input tax credit to pay GST liabilities after the new rates apply; transitional guidance anticipates short term ITC accumulation and a temporary dip in collections with expected recovery as consumption increases. News - Thu, 04 Sep 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=54663