LatestGoods & Service Tax (GST) 22 October 2026
GST Council Reforms and Tax Updates Across Regions
The GST Council is pushing simpler compliance rules, faster refunds and reduced litigation while debating the reach of Section 69 and 132 changes on pending cases. Meanwhile, a practical guide on post‑AGM ROC filings is out, Bergen County tops New Jersey’s economy rankings, a 1% sales‑tax measure aims to fund Sunrise Beach fire protection, and experts weigh VAT treatment for crypto assets. These developments signal tighter tax administration and new revenue streams in both India and the United States.
- GST Council simplification: Proposed rules aim to cut compliance paperwork, speed up refunds and lower litigation risk. Details: GST Council proposes simpler compliance
- Section 69 & 132 amendments: The 57th council meeting discussed whether new arrest and prosecution thresholds apply to existing GST cases. Read more: Will Section 69 & 132 apply?
- ROC compliance guide: A step‑by‑step article on filing AOC‑4, MGT‑7, ADT‑1 and MGT‑14 after the AGM. Source: Annual ROC compliance after AGM
- Bergen County economy: Identified as New Jersey’s largest economy by GDP, driving tax revenue for schools and infrastructure. Full story: Bergen County largest economy
- Sunrise Beach fire tax: Proposition Fire proposes a 1% sales tax to fund the local fire protection district. Details: 1% sales tax proposal
- VAT on cryptoassets: Guidance on treating tokens for VAT purposes, outlining ownership vs service rights. Learn more: VAT treatment of cryptoassets
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.