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GST COUNCIL ANNOUNCEMENT
GST reforms aim to boost compliance by removing fear, widening tax baseRate rationalisation showed that a lower rate yields more revenue as the base widens, and process reforms rest on the same principle. A bus...- Centre & states to draft rules for existing arrest cases under GSTThe Centre will collaborate with states to create standard procedures for handling arrest cases. Starting April 1, 2027, an invoice managem...
- GST reforms: What changes in compliance, input tax credit, refunds and litigation from 2027The latest changes proposed by the GST Council will help cut costs and ease cash flow for companies. To curb cascading tax, ease working ca...
- GST 2.0 makes it less taxing as govt scrap arrest powers, raise prosecution threshold to Rs 5 crore in major overhaulThe GST Council recently approved substantial reforms to simplify the indirect tax structure and improve compliance. These changes include ...
- GST reforms: Refunds, wider ITC mark third phase of reform as India targets global supply chains, says PwC’s Pratik JainPwC’s Pratik Jain said the GST Council’s latest measures mark the third phase of the tax reform, shifting focus to bolder policy changes an...
- GST 2026: Simpler compliance, tech-led enforcement reflect growing trust between government and industry, says Deloitte’s MS ManiDeloitte India’s MS Mani said the latest GST reforms reflect growing trust between government and industry, with technology enabling simple...
- RBI bid to drain surplus liquidity and improve rate transmission sees muted responseBanks parked just Rs 79,655 crore in the central bank’s 29-day variable rate reverse repo (VRRR) auction, less than half the Rs 2 lakh cror...
- One GST return a year? New scheme could ease compliance for 16 lakh small businessesSmall businesses selling only to consumers may soon have the option to file GST returns annually. The GST Council has approved a plan for e...
- GST Council Meeting 2026: Tax officers' arrest powers scrapped, prosecution threshold raised to Rs 5 crore; no rate changesGST Council Meeting 2026: The GST Council concluded that existing GST rates would remain unchanged. It further removed arrest authorities f...
- GST winners 2026: No rate cuts, but small businesses, exporters and taxpayers have plenty to gain. Here's howGST Reform Winners 2026: The GST Council has greenlit key reforms intended to simplify compliance for businesses across the board. Small bu...
- Modi must have done something right to win for 25 years: AbdullahDuring a recent media interaction in Srinagar, Omar Abdullah commended Narendra Modi for his extensive 25-year journey in public service. H...
- UP’s MSME box units hit by 30% kraft paper price rise, 1 lakh jobs at riskManufacturers say they have already increased corrugated box prices by around 10%, but this has not been sufficient to offset the rise in i...
- MDR rollout will be monitored to protect usersTax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants.
- GST growth comparisons can’t be 'apples and oranges' says CBIC; hits back at 'misleading' claimsThe CBIC stated that comparing GST revenue figures using different tax bases is misleading. Growth calculations must be made on a like-for-...
- GST 2.0 explained: When will new GST rate for life, health insurance be applicable?In a significant move, the GST Council announced on September 3, 2025, that individual life and health insurance premiums will be exempt fr...
- GST Council Meeting Key Takeaways: From medical insurance premium to rate rationalisation, here's what Sitharaman & Co decided54th Gst Council Meeting Key Takeaways: The 54th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is taking place in Ne...
- GST Council meet: Payment to states okayed, taxes cut on liquid jaggery, pencil sharpeners, tracking devicesFinance Minister Nirmala Sitharaman on Saturday announced that the GST Council has given its approval to clear Rs Rs 16,982 cr balance of G...
- GST Council meet: Key decisions announced by FM Nirmala Sitharaman at GST Council meetingFinance minister Nirmala Sitharaman on Saturday chaired the deliberations at the GST Council's 48th meeting. Here are the key things to kno...
- GST collection dips below Rs one lakh crore in JuneGross GST collection stood at Rs 1,00,289 crore in May and Rs 1,13,865 crore in April.
- GST Council meet today: Inclusion of real estate, cut in tax rates may bring cheer before BudgetAs Budget can no more tinker with indirect taxes due to implementation of GST, the Council is expected to announce tax concessions and redu...
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