The Shubh Vibes

Goods and Services Tax (GST) in India has come a long way since its launch in 2017. Over the years, I have seen GST evolve from a complex, multi-rate structure into a more stable and practical tax system. Goods and Services Tax (GST) in India underwent its biggest overhaul since inception on 22 September 2025 , ushering in what many tax experts and taxpayers are calling “GST 2.0.” This reform was designed to simplify the tax structure , reduce the everyday tax burden , and encourage consumption — while ensuring revenue for the government by strategically taxing luxury and harmful goods. In this blog, I’ll walk you through the new GST structure , key changes , item-wise live examples , what this means for your wallet/business , and my own take based on how these reforms are playing out on the ground. 🔢   What Changed — The New GST Structure The most fundamental change is the shift from the earlier four-slab system (5%, 12%, 18%, 28%) to a simplified tiered structur...

I ntroduction GSTR-9 and GSTR-9C are annual GST returns that summarize the entire year’s GST activity of a registered taxpayer. Since GSTR-9 and GSTR-9C are among the last returns to be filed for a financial year , accuracy is extremely important. Any mismatch here may lead to notices, interest, penalties, or audit issues in future years. This detailed guide explains what GSTR-9 and GSTR-9C are, who must file them, due dates, data requirements, and a step-by-step filing process on the GST portal , written in simple language for Indian taxpayers. What is GSTR-9? GSTR-9 is an annual return that consolidates the details of: Outward supplies (sales) Inward supplies (purchases) Input Tax Credit (ITC) Tax paid Amendments made during the year Key Point GSTR-9 is not a new return , but a summary of GSTR-1 , GSTR-3B , and other GST returns filed during the financial year . What is GSTR-9C? GSTR-9C is a reconciliation statement between: Turnover...