LatestStartup And Fundraising 9 October 2026
GST Council Announces Major Reforms, Faster Refunds
The GST Council announced reforms to lower penalty rates for late GST filings and simplify e‑commerce merchant registration, while promising faster tax refunds across all states, aiming to ease compliance for Indian businesses.
Key changes:
- Penalty rates for late GST filings reduced.
- Simplified e‑commerce merchant registration process.
- Refund processing times cut to speed up payouts for businesses.
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