TaxTMI 
TaxTMI 
TaxTMI 
Change in GST rate under GST reform wef 22.09.25
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....hange in GST rate under GST reform wef 22.09.25<br> Query (Issue) Started By: - mk Jain Dated:- 9-9-2025 Last Reply Date:- 10-9-2025 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Dear Sir/Ma....
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....m, In new rate of GST input of product is under 5%(20%) and 18%(80%) and my output is also 5%(50%) and 18%(50%). But volume is different. In this case input is more than output and ITC will ac....
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....cumulate. Can we get refund of ITC under inverted duty structure as input of one of my product is 18% and output is 5% out of of 4-5 products and volume of this product is 50%. MK Reply By Sadanand ....
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....Bulbule: The Reply: Such and other transitional issues due to GST-02 are in the active consideration by the GoI/CBIC. Better to wait for the proper clarificatioon and FAQs. However the scheme of IDS....
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.... has been simplified by way of 90% refund within 7 days. Modalities have to be worked out in this regard. Reply By Sadanand Bulbule: The Reply: Simplified IDS Scheme shall be operationalized from 1s....
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....t November, 2025. Reply By Shilpi Jain: The Reply: Refund would be eligible since rate of tax on your inputs is higher than on your output. Reply By mk Jain: The Reply: Thanks to all for valu....
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....able input. I think we should wait for better clarity.<br> Discussion Forum - Knowledge Sharing ....