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Income Tax GST India
GST 17 Oct 2026

GST Council Recommends Removal of Four Grounds for GST Registration Cancellation Under Rule 21

The 57th GST Council Meeting recommended removing four grounds for cancellation of GST registration under Rule 21 of the CGST Rules, 2017. The proposed changes relate to specified ITC violations, ant…

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GST 17 Oct 2026

GST Return Reforms 2026: Proposed Changes to GSTR-1, GSTR-3B and ITC Reconciliation

The 57th GST Council meeting recommended changes to GST return reporting and reconciliation, including amendments relating to GST…

GST 17 Oct 2026

GST Refund Update 2026: ITC on Input Services Proposed to Be Eligible for Inverted Duty Refund

The 57th GST Council meeting recommended including eligible ITC on input services in the Net ITC calculation for inverted duty st…

GST 17 Oct 2026

GST Refund on Capital Goods: Proposed 60-Month ITC Apportionment from April 2027

The 57th GST Council meeting recommended including eligible ITC on capital goods in refund calculations for zero-rated supplies m…

GST 17 Oct 2026

GST Export Refund Update 2026: Removal of the 1.5 Times Domestic Value Restriction Proposed

The 57th GST Council meeting recommended removing the restriction that limits the turnover of zero-rated supplies of goods for re…

GST 17 Oct 2026

GST E-Way Bill Update 2026: Proposed Restrictions on Interception and Detention of Goods in Transit

The 57th GST Council meeting recommended changes to the interception and verification of goods in transit under GST. The proposed…

GST 17 Oct 2026

GST Arrest and Prosecution Reforms 2026: Major Changes Recommended by the GST Council

The 57th GST Council meeting recommended removing arrest powers under GST, increasing the prosecution threshold from ₹1 crore to …

GST 17 Oct 2026

GST Export of Services Update 2026: Proposed Change in Place of Supply Rules

The 57th GST Council meeting recommended omitting Section 13(3)(a) of the IGST Act, which deals with services requiring goods to …

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