Stories
Government Plans Major GST Cuts on Deliveries and Refunds
C
CNBC Awaaz•08-10-2026, 17:15
Government Plans Major GST Cuts on Deliveries and Refunds
- •GST rate on goods delivery is set to be reduced from 18 percent to 5 percent.
- •FMCG and pharma companies may get relief regarding Input Tax Credit on damaged and expired products.
- •GST on re-treaded or used tractor tires is agreed to be fixed at 5 percent.
- •No show-cause notice will be issued for tax demands of less than 10,000 rupees.
- •New system aims for GST refund approval in 10 days and receipt in 17 days.
Key Questions Answered
According to exclusive reports, the government is preparing to reduce the GST rate on goods delivery from 18% to 5% to provide relief to businesses.
A decision has been made to significantly speed up the GST refund process by establishing a system for refund approval within 10 days and receipt of the refund within 17 days.
Under the updated rules, show-cause notices will not be issued for tax demands of less than ₹10,000 arising from mismatches in GST returns.
