GST 2.0 in Practice: Assessing India’s GST Reduction On Staple and Processed Food Products
The 56th meeting of the GST Council, convened on September 3, 2025, in New Delhi, approved the next-generation GST reforms with a multi-sectoral and multi-thematic focus on improving the lives of all citizens and ensuring ease of doing business for all, including small traders and businessmen. The approved reforms embody the vision of Prime Minister Shri Narendra Modi and represent a strategic, principled, and citizen-centric evolution of a landmark tax framework, which will enhance the quality of life of every citizen.
GCC Sugar-Based Excise Tax Reform: Implications and Opportunities for Indian Businesses
The Financial and Economic Cooperation Committee at the Gulf
Cooperation Council (GCC) in October 2025 approved changes to how excise
tax is applied to sweetened beverages. In line with these changes, the Board of
Directors of the Zakat, Tax and Customs Authority (ZATCA) has updated
the Implementing Regulations of the Excise Tax Law, which are in effect from
January 6, 2026.