New Delhi :The CBIC GST clarification on Sunday refuted a viral social media message claiming that new GST transition benefits would take effect from September 22. The board termed the claims—related to unutilised cess credit, ITC on exempted supplies, and fresh price adjustment provisions—as false and misleading.
In an official statement posted on X, CBIC said:
“It has come to notice that an informal message claiming to be from Chairman CBIC is being widely circulated on social media. Such claims regarding transition benefits under GST are factually incorrect and misleading.”
The board urged the general public, trade, industry, and other stakeholders to rely solely on official notifications, circulars, and FAQs issued by the government for accurate information regarding GST reforms.
The government had already introduced next-generation GST reforms, which include a major rate restructuring. The previous four-rate system has been reduced to two main slabs — 5% and 18%, while a special 40% rate remains applicable to luxury and sin goods such as tobacco and cigarettes.
CBIC stressed that there are no plans to implement any additional GST transition benefits or changes at this time. Authorities continue to monitor the spread of misinformation and encourage the public to verify details through official channels.
This clarification comes as part of CBIC’s ongoing efforts to ensure accurate awareness about GST reforms and prevent the circulation of misleading information.
Also Read : GST Reforms Explained: Rates & Ease of Living
