GST reforms 2026: Employers get ITC on employee health, life insurance premiumsThe GST Council has recommended allowing employers to claim input tax credit on GST paid for health and life insurance policies taken for e...
09 Oct, 2026, 12.32 AM IST
GST reforms 2026: Govt plans faceless, centralised CGST system for 2 lakh multi-jurisdiction taxpayersGST reforms 2026 will move around 2 lakh businesses operating across multiple CGST jurisdictions towards a centralised, faceless tax admini...
09 Oct, 2026, 12.29 AM IST
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...
08 Oct, 2026, 07.03 PM IST
GST Council meeting 2026: What may change as GST 2.0 takes aim at ITC, refunds, arrest powers and other reformsGST Council Meeting 2026: The GST Council, meeting in New Delhi, is expected to propose significant reforms for tax administration. One ref...
08 Oct, 2026, 02.16 PM IST
India's GST Revolution: How India’s biggest indirect tax reform changed its economy and its way of doing businessIndia's GST Revolution: GST has transformed India's indirect taxation system, eliminating many previous levies to streamline compliance and...
08 Oct, 2026, 12.29 PM IST
India to widen services production index to include education, health and defenceThe statistics ministry plans to expand the monthly Index of Services Production to cover education, healthcare, public administration and ...
07 Oct, 2026, 12.33 AM IST
Govt looks to widen coverage of Index of Services Production, invites feedbackMoSPI began compiling the ISP on a monthly basis for the formal services sector on a trial basis in July 2026. The exercise uses 2024-25 as...
06 Oct, 2026, 09.08 PM IST
- Centre plans faceless CGST scheme in 3-4 months, seeks to cut taxpayer-officer interface
The Centre plans to launch a pilot faceless scheme under the Central Goods and Services Tax. The aim of the scheme is to reduce direct inte...
06 Oct, 2026, 05.45 PM IST
Single-window GST registration for multistate businesses set for pilot this weekIn a significant move, the central government is set to implement a consolidated goods and services tax registration system for businesses ...
06 Oct, 2026, 12.42 AM IST
Silicon Valley companies discuss simpler GST, customs rules with CBICCBIC chairman Vivek Chaturvedi met a delegation led by Shefali Goradia, chairperson, Deloitte, South Asia and the Silicon Valley Tax Direct...
06 Oct, 2026, 12.34 AM IST
Industrial alcohol is the GST Council's unfinished federal business: States won the legal fight, but the 18% GST still appliesThe GST Council is set to meet regarding the regulation of industrial alcohol, which has been contested between the government and states. ...
05 Oct, 2026, 10.54 PM IST
GST enforcement may shift from 'arrest' to 'detect, recover and prosecute serious frauds'The GST Council is likely to consider major enforcement reforms on October 7 that could remove GST officers’ power to directly arrest alleg...
05 Oct, 2026, 03.52 PM IST
GST registration overhaul: Businesses may soon apply for multiple states at onceThe GST Council plans to discuss a proposal for a unified GST registration process for businesses. This proposal aims to streamline applica...
05 Oct, 2026, 12.16 PM IST
Next-gen GST: Taking India's reform journey forwardThe new GST framework in India aims to streamline compliance processes while lowering tax rates, contributing to enhanced economic stabilit...
05 Oct, 2026, 12.43 AM IST
GST 2.0's next move: Council may scrap officers' arrest powers, raise prosecution bar to Rs 5 croreThe GST Council is weighing changes to GST enforcement, including ending officials' arrest powers and shifting to court-ordered arrests. Cr...
04 Oct, 2026, 07.14 PM IST
ICICI Bank receives Rs 229 crore GST demand over minimum balance servicesICICI Bank has received a show cause notice from GST authorities regarding a ₹229.14 crore demand. This demand pertains to services provide...
01 Oct, 2026, 05.15 PM IST
Your UPI payment just got a price tag: what it means for GST-registered taxpayersNPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.
01 Oct, 2026, 03.27 PM IST