LatestGoods & Service Tax (GST) 7 October 2026
GST and SST Reforms Impact Region
Malaysia will keep its sales and service tax while borrowing key GST features to stop tax cascading, and India is seeing a wave of GST reforms from the ICAI to speed refunds and simplify registration. The GST Council is set to meet, weighing faster refund timelines, wider data sharing and relief for rare diseases, while industry bodies flag export‑related issues. Meanwhile, PNG sees little benefit from its GST cut, and Indian officials warn of a sharp drop in GST revenue, prompting calls for easier compliance across the board.
- Malaysia retains SST and will adopt selective GST elements to curb tax cascading. Read more
- Parliament confirms SST stays with GST‑style tweaks after supplementary questions. Read more
- ICAI proposes major GST registration and refund reforms to ease taxpayer compliance in India. Read more
- Papua New Guinea’s GST sacrifice reportedly not felt by the public. Read more
- Nasscom flags two GST issues affecting services exports ahead of the GST Council meeting on Oct 8. Read more
- GST revenue in free fall as officials claim the government is misleading the public. Read more
- GST refunds may be processed within 17 days after the council pushes for faster turnaround. Read more
- Next GST reform should simplify compliance for businesses, says ThePrint. Read more
- GST Council may consider wider data sharing and rare‑disease tax relief in upcoming meeting. Read more
- E‑way bills help track fertilizer diversion, highlighting supply‑chain monitoring benefits. Read more
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