• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

CBIC Denies Viral Claims On GST Transition Benefits From Sep 22, Calls Message Misleading

OMMCOM NEWS by OMMCOM NEWS
September 7, 2025
in Nation

New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) on Sunday refuted a viral social media message claiming that new GST transition benefits, including unutilised cess credit, ITC on exempted supplies, and fresh price adjustment provisions, will take effect from September 22, calling the claims “false and misleading.”

In a statement posted on the social media platform X, CBIC clarified that no such changes are planned and urged the public not to rely on unofficial messages.

“It has come to notice that an informal message claiming to be from Chairman CBIC is being widely circulated on social media, claiming that certain transition benefits under GST will be applicable from September 22 on issues related to unutilised cess credit, ITC of exempted supplies and new price adjustment provisions. It is hereby informed that such claims are factually incorrect and misleading,” CBIC said in its post.

The board further urged the general public, trade, industry, and other stakeholders to rely only on government-issued notifications, circulars, and FAQs for accurate information.

“It is requested that general public, members of the trade and industry and other stakeholders should only refer to the official Government issued notifications, circulars, FAQs, etc. for better understanding of the next generation reforms under GST,” it added.

The viral message had falsely claimed that unused cess credit could be utilised, ITC benefits on exempt supplies would be allowed, and a new price adjustment policy would be introduced.

CBIC has clarified that no such reforms have been implemented.

The government has already introduced next-generation GST reforms, which include a major rate restructuring.

The earlier four-rate structure has been reduced to two slabs — 5 per cent and 18 per cent. The 12 per cent and 28 per cent slabs have been scrapped, while a special 40 per cent rate has been kept for luxury and sin goods like tobacco and cigarettes.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Hyundai India Slashes Car Prices By Up To Rs 2.4 Lakh After GST Cut, Effective Sep 22

Next Post

Excise Dept Seizes Illicit Liquor, Drugs Worth Rs 1.42 Cr Across Odisha

Related Posts

Nation

GK Vasan Urges Tamil Nadu MPs To Back NDA Nominee CP Radhakrishnan For Vice President

September 7, 2025
Nation

Haryana CM Saini Visits Areas Hit By Waterlogging, Assures All Help

September 7, 2025
Nation

All Major Temples In Andhra, Telangana Shut For Lunar Eclipse

September 7, 2025
Nation

India’s Youth Moving Beyond Conventional Courses Towards Earth Sciences And Space Technology: Jitendra Singh

September 7, 2025
Nation

From PM Modi’s Birthday To Gandhi Jayanti, Nation To Observe ‘Seva Paksha’: Mansukh Mandaviya

September 7, 2025
Nation

Ahead Of PM Modi’s Likely Manipur Visit, Guv Meets Top Officials And BJP Legislators

September 7, 2025
Next Post
Illicit Liquor and Drugs

Excise Dept Seizes Illicit Liquor, Drugs Worth Rs 1.42 Cr Across Odisha

PM Modi Will Hopefully Announce Substantial Relief Package For Punjab: AAP Leader Sanjay Singh

Olympians Ramita And Divyansh Headline India's Shooting World Cup Squad In China

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.