GST news 2025

 In January 2025, India's Goods and Services Tax (GST) collections exhibited robust growth, with gross collections increasing by 12.3% and net collections rising by 10.9% compared to December 2024. cite turn search The Finance Bill 2025, presented on February 1, introduces several amendments to the GST regime aimed at simplifying tax compliance, streamlining tax treatment for specific transactions, and enhancing regulatory oversight. cite turn 0 search 2 Key proposals include procedural reforms, the establishment of a dispute resolution mechanism, and tariff rationalisation. cite turn 0 search 4 Additionally, the Finance Bill 2025 proposes several regulatory changes and enabling provisions under GST, aligning with recommendations made by the GST Council in its 55th meeting. cite turn 0 search 5 These initiatives are designed to enhance GST compliance and streamline procedures, thereby contributing to economic growth and efficiency. navlistRecent Developments in GST and Taxationturn0news10, turn0news11, turn0news14