Get Your Facts Right: CBIC Advises Public to Refer to Official GST Notifications

New Delhi (The Uttam Hindu): The Central Board of Indirect Taxes and Customs (CBIC) on Sunday appealed to the general public, traders and stakeholders to rely only on the notifications issued by the government to get correct information on GST.

In a post on social media platform 'X', CBIC said, "It has come to our notice that an informal message attributed to Chairman, CBIC is being widely circulated on social media, claiming that certain transition benefits under GST such as unutilized cess credit, ITC of exempted supplies and New Price Adjustment Provision etc. will be applicable from September 22, 2025." CBIC said that these claims are baseless and misleading and not factually correct.

The statement further said that we would like to appeal to the public, traders and other stakeholders to rely only on government notifications, circulars and FAQs to understand GST. The next generation GST reforms have been announced by the government, in which the number of tax slabs has been reduced to two - 5 percent and 18 percent, which was earlier four slabs - 5 percent, 12 percent, 18 percent and 28 percent. Along with this, tax has been reduced on a large number of things. These new reforms are coming into effect from September 22. According to Bernstein's report, the recent GST reforms by the central government will see a sharp increase in consumption in India. This will benefit the footwear, FMCG, apparel and quick service restaurant (QSR) industry.

According to the report, the biggest surprise in the GST reforms was the massive cut in taxes on personal consumption and household consumption items such as soaps, shampoos, hair oils, powders and toothpaste. Tax on these products has been reduced from 12-18 per cent to just 5 per cent.