LatestGoods & Service Tax (GST) 21 October 2026
GST Legal Wins and Policy Shifts Across Regions
India's high courts have invalidated GST cancellation orders that ignored taxpayer objections, reinforcing due‑process rights. Meanwhile HSBC warns that GST‑driven growth in the Indian FMCG sector is cooling amid El Niño and commodity pressures. The Maldives government is moving to repeal GST on foreign tour operators, while Pakistan proposes cutting auto‑tariff rates to 15% and lowering GST. The 57th GST Council introduced reforms for automated registration, faster refunds and ITC reconciliation, signaling broader modernization efforts.
- India Court Rulings: The Allahabad High Court set aside appellate orders canceling GST registrations when authorities failed to address taxpayer grounds or objections to fresh evidence. Read more
- HSBC FMCG Outlook: HSBC notes that after a year of GST cuts, growth in India's FMCG sector is slowing due to El Niño‑related commodity inflation risks. Read more
- Maldives GST Repeal: The Maldives government proposes legislation to scrap GST on foreign tour operators, travel agents and booking platforms amid political debate. Read more
- Pakistan Auto Tariff Cut: A new auto policy suggests reducing the tariff to 15% and lowering GST to boost vehicle imports and affordability. Read more
- 57th GST Council Reforms: The council recommended automated GST registration, IMS and ITC reconciliation, faster refunds and other statutory changes to streamline compliance. Read more
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