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Showing posts from October, 2025

New GST Regime And Its Impact On The Timber Industry

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  The new GST rules, which came into effect from 22nd September, 2025, have greatly influenced India's timber business. Read below how this transformation streamlines taxes on timber goods and impacts prices of certain timbers, altering the market for both suppliers and manufacturers. With the roll out of GST 2.0 from September 22, 2025, India’s wood industry is entering a period of real transformation. By moving from four GST slabs  (5%, 12%, 18%, 28%)  to just two taxation slabs,  5% for essentials and 18%  for most standard goods, this reform makes timber taxation simpler and easier to follow. Let’s break down how these updates affect costs across the timber value chain, from thermowood suppliers to furniture manufacturers. What’s become cheaper? 1. Raw Material & Indigenous Wood Products Concessional rates for raw wood and unprocessed timber remain in effect. Basic wood chips, sawdust, and wood waste continue to have a 5% GST rate. This backs the governm...