Goods & Service Tax (GST) 12 October 2026
GST Council Reforms Unlock New Filing Options and Liquidity Boost
The GST portal now accepts GSTR‑9 and GSTR‑9C returns for FY 2025‑26, while the 57th GST Council introduced reforms aimed at faster refunds, simplified registration, and reduced working‑capital pressure for businesses. Recommendations also target tighter fraud detection after a reported Rs 38 crore GSTIN scam in Hyderabad.
The GST ecosystem received several important updates in October 2026.
- New filing capability: The GST portal now supports GSTR‑9 and GSTR‑9C returns for FY 2025‑26. ([source] (https://www.caclubindia.com/news/gst-portal-enables-gstr-9-and-gstr-9c-filing-for-fy-2025-26-26861.asp))
- 57th GST Council reforms: Major changes include system‑based refund processing, eased registration rules, and stronger ITC tracking. ([details] (https://www.caclubindia.com/articles/nextgen-gst-process-reforms-what-the-57th-gst-council-meeting-recommends-on-registration-returns-refunds-itc-and-litigation-56390.asp))
- Business impact: Recommendations aim to cut working‑capital pressure and improve liquidity for manufacturers and traders. ([analysis] (https://www.pharmabiz.com/NewsDetails.aspx?aid=191171&sid=1))
- Fraud alert: A woman in Hyderabad reported a Rs 38 crore GSTIN fraud, highlighting ongoing compliance risks. ([report] (https://www.newindianexpress.com/cities/hyderabad/2026/Oct/12/woman-alleges-rs-38-crore-gstin-fraud-in-hyderabad))
- Industry confidence: Experts say the council’s proposals boost confidence in GST as an investment enabler. ([opinion] (https://www.thehindubusinessline.com/opinion/57th-gst-council-meet-enhances-business-confidence/article71564299.ece))
These moves collectively streamline tax administration, speed up refunds, and tighten safeguards against fraud.
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