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India's GST Council Unveils Major Reform Package
The 57th GST Council meeting in New Delhi announced sweeping changes aimed at simplifying tax compliance, speeding refunds, protecting input tax credits, and removing tax officers' arrest powers. Parallel reforms were highlighted at the India Mobile Congress, where Akash Ambani emphasized the responsibility of the upcoming Jio IPO amid a broader push for business-friendly policies.
The 57th GST Council gathered in New Delhi to roll out a GST 2.0 reform agenda focused on easing the tax burden for businesses.
- Faster refunds and streamlined ITC claims to improve cash flow (see News18 live blog).
- Removal of tax officers' arrest powers, addressing long‑standing industry concerns (CNBC TV18).
- Introduction of faceless assessment, easier GST registration, and new e‑commerce rules to cut paperwork (Economic Times).
- Emphasis on digital compliance and detailed record‑keeping (CA Club India).
At the same time, the India Mobile Congress highlighted broader business reforms, with Akash Ambani calling the upcoming Jio IPO a “great responsibility” as India pushes for a modern regulatory framework (Moneycontrol).
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