LatestStartup And Fundraising 8 October 2026
GST Council Scraps Arrest Powers, Boosts ITC Relief
The 57th GST Council meeting announced the removal of tax officers' power to arrest taxpayers and introduced measures to unblock input tax credit, aiming to simplify compliance and improve ease of doing business. The changes also include adjustments to GST rates and refund processes, signaling a push for broader tax reforms. Industry groups welcomed the move as a step toward a more business‑friendly tax environment.
[GST Council live updates] (https://www.cnbctv18.com/business/finance/57th-gst-council-meeting-2026-live-updates-gst-rates-compliance-itc-nirmala-sitharaman-refunds-arrest-power-liveblog-20007235.htm)
- Tax officers lose the authority to arrest taxpayers, a move aimed at easing business operations.
- New provisions will unblock input tax credit (ITC) for companies, reducing cash‑flow constraints.
- Additional tweaks include minor GST rate adjustments and faster refund mechanisms.
These reforms are positioned as part of a broader effort to simplify tax compliance and attract investment.
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