LatestGoods & Service Tax (GST) 9 October 2026
GST Council Announces Major Indirect Tax Reforms and Faster Refunds
The GST Council approved sweeping reforms to India's indirect tax regime, cutting penalties, simplifying registration and speeding up refunds. The measures aim to ease compliance, cut dispute time and boost cash flow by shortening refunds.
*Key reforms:*
- Penalties reduced
- Registration process simplified
- Refunds processed faster
Read the full announcement here.
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