What Should You Know About Notifications for GST 2.0 Reforms?
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Synopsis
The Finance Ministry's latest FAQs on GST 2.0 address crucial tax rate changes effective from September 22. Discover essential details on CGST, exemptions, and handicraft rates that can impact your business.
Key Takeaways
- New CGST rates effective from September 22, 2025.
- Exemptions from CGST detailed in new notifications.
- Handicraft GST rates updated.
- Compensation cess amendments announced.
- Petroleum operations GST rate changes noted.
New Delhi, Sep 18 (NationPress) – The Finance Ministry has released a set of six Frequently Asked Questions regarding the GST 2.0 reforms, aimed at implementing tax rate reductions on various goods and services starting from September 22.
The FAQs include:
Q1. Where can I find the changes to CGST rates for goods? Is a new notification being issued?
The modifications to CGST rates for goods can be found in Notification No. 9/2025- Central Tax (Rate) dated 17.9.2025. This notification supersedes the earlier Notification No.1/2017- Central Tax (Rate) dated 28th June 2017.
You can access it at this link.
Q2. Which notification lists the goods exempt from CGST? Is there a new notification for this?
The list of exempted goods from CGST is available in Notification No. 10/2025-Central Tax (Rate) dated 17.9.2025, which replaces the previous Notification No.2/2017- Central Tax (Rate) dated 28th June 2017.
Access it at this link.
Q3. Where can I find the GST rate for handicrafts? Is a new notification issued?
The GST rates applicable to handicrafts can be found in Notification No. 13/2025-Central Tax (Rate) dated 17.9.2025, amending the previous Notification No.21/2018- Central Tax (Rate) dated 26th July, 2018.
Available at this link.
Q4. Which notification details the amended rates for compensation cess?
The compensation cess rates have been updated in Notification No. 2/2025-Compensation Cess (Rate) dated 17.9.2025, modifying the previous Notification No. 1/2017-Compensation Cess (Rate) dated 28.6.2017.
See it at this link.
Q5. What notification pertains to the GST rate change on goods imported for petroleum operations?
Refer to Notification No. 11/2025- Central Tax (Rate) dated 17.9.2025 for this information.
Available at this link.
Q6. Has there been a new notification issued for bricks under the Special Composition Scheme?
There is no adjustment in the GST rate for bricks under the special composition scheme, except for sand lime bricks. Notification No. 14/2025- Central Tax (Rate) dated 17.9.2025 has been released regarding this.
You can find it at this link.
Point of View
I recognize the importance of staying informed about the evolving tax landscape. The recent FAQs on GST 2.0 not only provide clarity but also ensure businesses can adapt swiftly to the new regulations. NationPress is committed to delivering timely and accurate information that empowers our readers.
NationPress
20/09/2025
Frequently Asked Questions
Where can I find the changes to CGST rates for goods?
Modifications to CGST rates for goods can be found in Notification No. 9/2025- Central Tax (Rate) dated 17.9.2025.
Which notification lists the goods exempt from CGST?
The list of exempted goods can be found in Notification No. 10/2025-Central Tax (Rate) dated 17.9.2025.
Where can I find the GST rate for handicrafts?
The GST rates for handicrafts are available in Notification No. 13/2025-Central Tax (Rate) dated 17.9.2025.
Which notification details the amended rates for compensation cess?
The compensation cess rates have been updated in Notification No. 2/2025-Compensation Cess (Rate) dated 17.9.2025.
What notification pertains to the GST rate change on goods imported for petroleum operations?
Refer to Notification No. 11/2025- Central Tax (Rate) dated 17.9.2025 for this information.
Has there been a new notification issued for bricks under the Special Composition Scheme?
There is no adjustment in the GST rate for bricks under the special composition scheme, except for sand lime bricks. Notification No. 14/2025- Central Tax (Rate) dated 17.9.2025 has been released regarding this.
