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Goods & Service Tax (GST) 19 October 2026

Global GST Debates Spur Price Holds, Tax Shifts, and Legal Updates

Across India and Australia, GST remains a focal point of policy and market moves. Maruti Suzuki kept small‑car prices steady despite cost pressures, while Australian commentators argue for raising GST to fund debt reduction. Court rulings trimmed GST liabilities for gaming firms, and the GST Council proposed audit extensions and ITC refund tweaks. The mix of price freezes, tax‑rate proposals, and legal adjustments highlights how GST changes ripple through industries and fiscal strategies.

Maruti Suzuki kept the Alto K10 and S‑Presso prices unchanged in India, citing GST reductions that narrowed the affordability gap as demand rebounds. Read more.

In Australia, economists and policy groups are pushing for a GST increase to 15% and extending it to all grocery items, arguing it could raise about $76 billion a year and cut public debt. Critics note the timing may be poor amid cost‑of‑living concerns. Details.

Legal and regulatory shifts include:
- Supreme Court‑driven GST demand cuts for gaming firms Junglee Games (₹3,556 cr) and First Games (₹704 cr). Source
- GST Council’s recommendation to extend tax audit deadlines to 31 Oct 2026 and adjust ITC refunds for capital goods. Read

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