Goods & Service Tax (GST) 31 October 2026
GST Overhaul: New Rules, Refund Delays, and Policy Debates
India's GST landscape is shifting as new rules take effect on Nov 1, altering post‑supply discounts and reverse‑charge mechanisms. Industry groups flag prolonged refund delays, while experts warn that a proposed rate hike could hurt taxpayers. Recent council outreach, finance ministry amendments, and CBIC directives add further momentum to the reform agenda.
- New GST rules effective Nov 1 – changes to post‑supply discounts, reverse charge and other provisions. Read more
- Proposed GST rate rise – analysts say the increase would bring little benefit and cause political pain. Read more
- Refund delays in Mohali – local industry association warns of prolonged GST refund processing. Read more
- 57th GST Council outreach – program held under Chairman Vivek Chaturvedi to discuss council recommendations. Read more
- Finance Ministry amendment – updates reverse‑charge notifications for specific goods and services. Read more
- AP GST loss from fake invoices – state loses crores due to false invoicing in iron‑scrap sales. Read more
- CBIC immediate reforms – central board orders swift rollout of pending GST amendments despite legislative timeline. Read more
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