LatestStartup And Fundraising 5 October 2026
GST 2.0 Reform: Arrest Powers, ITC Protection, Easier Registration
India’s GST Council is set to roll out GST 2.0, introducing arrest powers for serious tax evaders, stronger protection of input tax credit (ITC), and a streamlined, online registration process for new taxpayers. The reforms aim to curb fraud, improve compliance and reduce the administrative burden on small and medium enterprises, while enhancing revenue collection across states.
India’s GST Council is pushing GST 2.0 reforms aimed at tightening compliance and easing registration.
- Arrest powers: Authorities can detain entities involved in large‑scale tax fraud.
- ITC protection: New safeguards prevent wrongful denial of input tax credit.
- Simplified registration: A fully digital, one‑step onboarding for new taxpayers.
These measures are expected to curb evasion, lower compliance costs for SMEs, and boost state revenues. Read the full article
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