26 Oct 2026
GST Council unlocks major process revamp
09 Oct 2026
09 Oct 2026
This is a link enhanced version of the article originally published in the print edition of Business Standard.
Article Overview:
The article examines the GST Council’s latest process reforms aimed at making the indirect tax system more taxpayer-friendly and trust-based. The measures include faster refunds, wider availability of input tax credit, withdrawal of arrest powers, a higher prosecution threshold, a ₹10,000 threshold for show-cause notices, lower general penalties, easier registration and greater use of system-driven compliance and enforcement.
Our Partner, Jitendra Motwani, shared his perspective. Here’s what he had to say:
“The faster refund architecture would be a major boost to business liquidity.”
“The phased extension of inverted-duty refunds to input services from November 1 and plant and machinery from April 1, 2027, would release trapped credit in sectors such as textiles, footwear, pharmaceuticals and manufacturing.”
“Scrapping arrest powers, raising the prosecution threshold and introducing the ₹10,000 floor for notices represented a shift towards more proportionate enforcement.”
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