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GST COUNCIL DECISIONS
Finance Ministry to invite comments on amended GST return forms from Nov 1The Finance Ministry will invite comments from businesses on proposed changes to GST return forms. This feedback period will begin on Novem...
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 officers will soon be allowed to stop vehicles for inspection only at origin & destination statesNew regulations will allow GST officers to halt vehicles carrying high-value goods only at their origin and destination. Prior authorizatio...
GST e-invoicing may cover services imports from unregistered companiesThe Indian government is set to enhance GST reporting for imported services through e-invoicing. This expansion will affect businesses with...
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...
GST rejig: Credit relief, export push and simpler rules make Diwali come early for industry, says EY’s Bipin SapraEY partner Bipin Sapra said the GST Council’s latest reforms address input tax credit blockages, expand refunds, support exporters and stre...
GST reforms: No tax on toll collection by highway concessionaires; road maintenance tax liability clarifiedThe GST Council has clarified that highway concessionaires collecting exempt tolls will face no GST liability on the toll collection right,...
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...
GST 2.0: Easier multi-state expansion for MSMEs, e-commerce sellersIndia's GST Council has initiated reforms to modernize the GST framework for improved compliance and business operations. Simplified regist...
Govt withdraws key bank tax benefit on gold, silver and platinum importsThe Indian government did not extend a tax benefit for banks on imports of gold and other precious metals and they have been paying a 3% in...
'Faster decisions, lower compliance costs': PM Modi welcomes new round of GST reformsPrime Minister Narendra Modi on Thursday welcomed the new round of GST reforms approved by the Goods and Services Tax (GST) Council, saying...
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...
"GST is always very useful for state like West Bengal": Finance Minister Swapan Dasgupta after 57th GST Council meetIn the recent 57th GST Council meeting, West Bengal Finance Minister Swapan Dasgupta emphasized the crucial role of GST in bolstering state...