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Biggest GST Reform Since 2017

The upcoming GST reform of 2025 marks the biggest change since its launch in 2017. With the removal of 12% and 28% slabs, lower compliance, and automated ITC, businesses can expect simplified taxation. JS Financial Services ensures smooth transition, expert advisory, and complete compliance support.

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Biggest GST Reform Since 2017

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  1. Biggest GST Reform Since 2017 Goodbye 12% & 28% Slabs – Hello Simplified Tax Structure JS Financial Services | Advisory • Compliance • Tax Planning

  2. Tip: Select twice to customize this poll or quiz, or go to Elements for more options. Why the Reform? • Complex GST structure with multiple slabs • Higher compliance burden on businesses • Frequent disputes in ITC claims • Aim: Simplify, unify, and improve ease of doing business

  3. Key Changes (Proposed August 2025) • Luxury/Sin Goods: 28% + cess → 40% unified rate • 12% Items: Most shifted to 5% • 28% Items: Most shifted to 18% • Insurance (Life & Health): Proposed GST exemption • E-invoicing Threshold: Reduced from ₹5 crore → ₹2 crore

  4. Compliance & Taxpayer Benefits • Export refunds: Automated, processed within 30 days • Lower late fees for turnover ≤ ₹5 crore • Input Tax Credit: Automated real-time matching • Reduced manual errors & disputes

  5. Timeline & Revenue Impact • Implementation: Approval Sept 2025, rollout by Diwali 2025 • Revenue Impact: Estimated ₹80,000 crore annual loss, but offset by wider tax base • More transparency and better compliance expected

  6. 📞 CALL: +91 73400 02251 🌐 WWW.JSFINANCIALS.IN ✉ INFO@JSFINANCIALS.IN HOW JS FINANCIAL SERVICES HELPS YOU • End-to-end GST advisory & compliance • Assistance with transition to new GST rates • Automated ITC reconciliation & reporting support • Expert guidance on refunds, e-invoicing & exemptions • 15+ years of trusted expertise in taxation

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