LatestIncome Tax 6 October 2026
GST Council Proposes Sweeping Compliance Relief, Boosting ITC
Proposals from the GST Council aim to simplify registration, return filing, refunds, input tax credit and litigation processes, potentially unlocking thousands of crores in ITC for Indian businesses and easing compliance burdens.
The GST Council is set to roll out reforms that could drastically cut red tape for businesses.
- Simplified registration and return filing
- Faster refunds and clearer input tax credit rules
- Streamlined litigation handling
These changes aim to free up thousands of crores in ITC, boosting cash flow for firms across India. Read the full proposal details here.
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