GST Compendium: September 2025

The 56th GST Council meeting introduced GST 2.0 reforms, marking the most significant restructuring since GST’s inception. These measures aim to enhance affordability, improve operational efficiency, and support business competitiveness across sectors. The September 2025 edition of our GST Compendium provides an in-depth analysis of these reforms, including structural corrections, updated rate frameworks, streamlined registration processes, provisional refund mechanisms, and dispute resolution measures. It also highlights key judicial developments, legislative changes, and trade facilitation initiatives impacting businesses and exporters.

Key highlights of the GST Compendium September 2025

• Important updates/announcements: The 56th GST Council meeting introduced GST 2.0 reforms—the most significant overhaul since GST’s launch in 2017. Announced by the Prime Minister on 15 August and endorsed by the 56th GST Council meeting on 3 September 2025, the reforms rest on three pillars: structural corrections, rate rationalisation, and ease of living.
• Key judicial pronouncements: The Supreme Court has delivered a series of landmark rulings that bring long-awaited clarity to several grey areas under GST laws including issuance of summons, ITC on Telecom towers, validity of provisional attachment orders under the GST laws, etc.
• Significant updates in direct taxes: CBDT has relaxed the timelines for processing electronically filed income tax returns that were wrongly invalidated by the CPC, offering much-needed relief to taxpayers.

With an emphasis on creating a predictable and business-friendly tax regime, the compendium serves as a comprehensive resource for understanding policy shifts and aligning strategies with evolving indirect tax requirements.

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GST Compendium: September 2025

A monthly guide

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