LatestIncome Tax 9 October 2026
GST Reforms Offer Credit Relief, Export Boost Ahead of Diwali
India's GST Council rolled out reforms to clear input tax credit bottlenecks, broaden refund access and simplify rules for exporters. EY partner Bipin Sapra says measures will improve cash flow for businesses and give sector a festive boost before Diwali.
GST Council reforms aim to unblock credit and aid exporters.
- Credit relief: Removes hurdles on input tax credit, freeing up cash for firms.
- Refund expansion: Broader eligibility and faster processing for taxpayers.
- Export simplification: Streamlined compliance and documentation for exporters.
These steps are expected to give businesses a cash‑flow boost just before the Diwali shopping season. For full details, read the Economy Times article.
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