LatestGoods & Service Tax (GST) 16 July 2026
GST Updates
Recent developments in GST include the Madhya Pradesh High Court ruling that GST notices uploaded on the GST portal constitute valid legal service, and the introduction of a simplified GST registration scheme for small taxpayers. The Quebec Sales Tax has been removed from certain food and hygiene products, and the US is pushing Vietnam to address trade barriers and IP violations. Additionally, India has set the stage for a foreign assets disclosure scheme for small taxpayers.
Recent GST updates include a ruling by the Madhya Pradesh High Court that GST notices uploaded on the GST portal constitute valid legal service.
The introduction of a simplified GST registration scheme for small taxpayers has also been announced, with eligibility, procedure, and withdrawal processes outlined.
- Key points of the simplified GST registration scheme include:
- 3-day GSTIN approval
- No application for amendment or cancellation of the registration obtained under Rule 14A should be pending
- No proceedings under Section 29 of the CGST Act should have been initiated
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