GST Rates To Change Soon, Filing System Overhaul Likely | How Will This Impact Us? | NewsX

The 55th GST Council meeting is underway in Jaisalmer, Rajasthan, chaired by Union Finance Minister Nirmala Sitharaman. Key decisions are expected, including an increase in GST rates on e-vehicles and small petrol & diesel cars from 12% to 18%. A significant change in the GST filing system is also announced, with mandatory two-factor authentication (2FA) for e-invoices and e-way bills, starting April 2025. This raises concerns about the impact on taxpayers and the common man.

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