What are the changes from April 1 2025 in GST?

How do I avoid 9% GST on SG Custom?

How to Avoid GST on Overseas Purchases Legally

• You are 18 or older.
• You are not arriving from Malaysia.
• You have been outside of Singapore for 48 hours or more.
• You are importing an allowable product for your personal use.

What is the GST bonus for 2025?

Under the Budget 2025 and Assurance Package (AP), your household will receive double the amount of GSTV – U-Save, or up to $760, in Financial Year 2025. The additional rebates aim to help Singaporean HDB households cope with increases in their utilities bills.

What are the changes from 1st July 2025?

What are the new GST rules from July 2025? From 1st July 2025, GSTR-3B cannot be edited after filing. GSTR-1A is introduced for corrections, and GST returns older than 3 years from the due date cannot be filed.

What is the new limit of GST?

GST registration limits in regular category states are ₹40 lakhs for goods and ₹20 lakhs for services. Special category states have a limit of ₹20 lakhs.

Is GST 10 or 15 percent?

GST is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. To work out the cost of an item including GST, multiply the amount exclusive of GST by 1.1. To work out the GST component, divide the GST inclusive cost by 11.

What changes are coming in April 2025?

Enhanced tax return requirements will be introduced from April 6 and will apply for tax returns for 2025/2026 going forward. The voluntary requirement for taxpayers who start or cease to trade to report the date of commencement / cessation on their tax return will become a mandatory requirement.

Is tcs applicable from 1st April 2025?

Before April 1, 2025: TCS was applicable on the sale of goods exceeding ₹50 lakh in aggregate value. From April 1, 2025: This provision has been removed, and businesses are no longer required to collect TCS on the sale of goods.

What is the new tax regime in 2025?

The income tax slab rates under the new tax regime for FY 2025–26 are as follows: income up to ₹4 lakh is tax-free; ₹4 lakh to ₹8 lakh is taxed at 5%; ₹8 lakh to ₹12 lakh at 10%; ₹12 lakh to ₹16 lakh at 15%; ₹16 lakh to ₹20 lakh at 20%; ₹20 lakh to ₹24 lakh at 25%; and income above ₹24 lakh is taxed at 30%.

What are the changes to Table 12 in GST April 2025?

A government advisory announces phase-wise changes to Table-12 in GST return forms GSTR-1 and GSTR-1A, effective April 2025. The modifications include separating B2B and B2C supply summaries by HSN code and mandating selection of HSN codes from a predefined dropdown menu, eliminating manual entry options.

What is 4A 4B 4C 6B 6C B2B invoices in GST?

TABLE 4A, 4B, 4C, 6B, 6C - B2B INVOICES - RECEIVER-WISE SUMMARY. In this table, you can add details of taxable outward supplies made to registered person. Additionally, invoices auto-populated from e-invoices will be available in this table. This page provides you the receiver-wise summary of the already added invoices ...

What is the GST exemption for 2025?

The total of lifetime gifts and the estate are eligible for a lifetime exemption, which is set at $13.99 million in 2025. The exemption amount is indexed for inflation, and was scheduled to be reduced by half after 2025. The higher exemption level was made permanent and slightly increased to $15 million in 2026 by P.L.

Is GST going to be 10%?

New GST Rate of 9% in 2024

Come 1 Jan 2024, the GST rate will be raised from 8% to 9%, as part of the two-step GST rate change announced by the Minister for Finance in Budget 2022.

What is the new update of GST?

What are the new GST rate slabs for 2025 in India? The slabs under the 2025 Next-Gen GST Reforms are 0% (exemption), 5% and 18%. A new 40% GST slab has been introduced for luxury goods like premium cars and bikes, and sin goods like cigarettes and tobacco.

What will happen on 6 July 2025?

Ashadhi Ekadashi, also known as Devshayani Ekadashi, will be observed on Sunday, July 6, 2025. The day marks the start of Lord Vishnu's four-month celestial rest. Ashadhi Ekadashi is widely celebrated across India.

Is GST date extended for July 2025?

20th August 2025

Due to the incessant rains in various parts of Maharashtra, the government has extended GSTR-3B due date for July 2025 from 20th August to 27th August 2025.

What are the changes in Gstr 1 from May 2025?

From May 2025, a key GST rule mandates separate reporting of B2B and B2C sales in GSTR-1. Exports are now strictly classified under B2C. This change aims to streamline HSN-wise data validation and reduce mismatches in GST returns.

Do I have to pay GST if I earn under $75000?

If your GST turnover is below the $75,000 threshold, you may choose to register. But if you do, regardless of your turnover, you must: include GST in the price of most goods and services you sell. claim GST credits for most business purchases you make.

What are the new changes in GST in 2025?

Goods and Services Tax (GST) 2.0 reform, which came into effect from September 22nd, 2025, brought relief for the common people and boosts for businesses. One of the key GST updates under 2.0 reform is that it simplified the GST tax structure from a 4-slab (5%, 12%, 18% and 28%) to a 3-slab (5%, 18% and 40%).

Who is eligible for a GST refund?

You can claim a GST refund in the following situations, when additional tax is paid or deposited due to errors or omissions. When dealers and deemed export goods or services are subject to refund or refund. Refunds can also be made for purchases made by UN agencies or embassies.