LatestGoods & Service Tax (GST) 8 October 2026
GST Updates: Council Reforms, Export Credits, Malaysia Tax Talk
Recent GST developments span India and Malaysia, with India's tribunal ruling that credit notes must lower export turnover for refunds, and the GST Council set to consider automated ITC refunds and process reforms. Meanwhile, Malaysian politicians debate reinstating GST as part of budget relief, while fiscal data shows higher GST receipts improving government finances.
- Export refund rule: The GST Appellate Tribunal ruled that credit notes must reduce export turnover when calculating refunds, impacting exporters' claim values. (Source: Jurishour)
- GST Council agenda: On Oct 8, the council may approve automated input‑tax credit refunds and further process reforms under GST 2.0. (Source: Moneycontrol)
- Malaysia GST debate: Opposition leaders Rafizi and Dr Wee argue the ruling coalition should consider bringing back GST to fund subsidy cuts and budget relief, while finance officials say a thorough assessment is needed. (Sources: Malaysiakini, The Star – Wee, The Star – Zahid)
- Fiscal impact: Higher inflation boosted GST collections, helping the government close the fiscal year with better‑than‑expected finances and lower net debt. (Source: RNZ)
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