Goods & Service Tax (GST) 12 October 2026
57th GST Council Unveils Major Taxpayer Changes
On Oct 8 2026, the 57th GST Council convened in New Delhi under chairperson Nirmala Sitaraman, announcing sweeping reforms that affect every taxpayer. The council approved revised tax slabs for essential and luxury items, lowered the registration turnover threshold to ₹20 lakh, and introduced a simplified quarterly filing option for small enterprises, aiming to ease compliance and boost revenue.
The 57th GST Council met in New Delhi on Oct 8, 2026 under chairperson Nirmala Sitaraman. Key outcomes include:
- Revised tax slabs for essential and luxury goods.
- Lowered turnover threshold for GST registration to ₹20 lakh.
- New quarterly filing option for small businesses to simplify compliance.
For full details, see the CAclubindia report.
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