GST Reforms and Compliance Updates

 GST collections rose 12% YoY in November 2025, reflecting post-rate-cut consumption trends. ICAI released updated Technical Guides on GSTR-9 and GSTR-9C for FY 2024-25 on December 8, 2025, aiding annual return reconciliation. Phase III HSN code changes in GSTR-1/1A (effective February 2025) introduce dropdown selections, B2B/B2C bifurcation, and value/tax validations (initially as warnings).