Income Tax 12 October 2026
GST Reform 2027: Faster Refunds, Credit Shifts, New Litigation Rules
From 2027, the GST Council proposes key amendments to Section 54 of the CGST Act to speed up refund processing, broaden input tax credit eligibility, and streamline litigation procedures. The changes aim to reduce taxpayer wait times, simplify compliance, and improve revenue recovery efficiency.
The GST Council has outlined reforms that will take effect in 2027, targeting quicker refunds, expanded credit options, and a smoother litigation process.
- Refunds: Aim for a 7‑day processing window to cut delays.
- Input tax credit: Eligibility widened to include more goods and services, making claims easier.
- Litigation: New timelines and streamlined dispute resolution to reduce court burden.
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