Neutral impactEconomy
No rate cuts, but big GST relief: 8 reforms on refunds, ITC, registration and enforcement | Explained
Economic Times 1 hr ago·8 Oct 2026, 12:58 pm
The GST Council has approved a sweeping process overhaul, easing registration, speeding up refunds, widening input tax credit and reducing physical checks on goods in transit. The reforms also remove GST arrest powers, raise the prosecution threshold, simplify filing for smaller taxpayers and expand export benefits, while leaving tax rates unchanged.
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- Concerns ITC (ITC).
- Category: Economy.
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