New Delhi: In a landmark move designed to radically overhaul business sentiment and foster a trust-based tax architecture, the Goods and Services Tax (GST) Council approved a sweeping package of structural and procedural reforms. Announced following the conclusion of its 57th meeting, the decisions mark a decisive shift away from stringent punitive measures toward a […]
GST Council’s Landmark Reforms Set to Unlock Working Capital, Boost Service Exports, and Streamline E-Commerce Taxation
NEW DELHI: In a sweeping move aimed at easing corporate compliance, injecting liquidity into the economy, and bolstering India’s competitive edge in global trade, the Goods and Services Tax (GST) Council announced a critical package of process reforms and structural clarifications. While steering clear of direct tax rate adjustments during its latest session, the Council […]
57th GST Council Meeting: Sweeping "GST 2.0" Reforms Focus on Decriminalisation, Compliance Ease, and Trust-Based Taxation
New Delhi: The 57th meeting of the Goods and Services Tax (GST) Council has commenced in the national capital, bringing to the table a transformative slate of proposals collectively dubbed "GST 2.0." According to reports from the Press Trust of India (PTI), the high-stakes deliberations are centered on shifting India’s indirect tax regime away from […]
CBDT Removes Arrest and Detention from Tax Recovery Rules: A Comprehensive Overview of Major Tax Reforms in India
New Delhi: In a landmark administrative and legislative shift, the Central Board of Direct Taxes (CBDT) has officially removed arrest and detention provisions from the country’s tax recovery rules, with retrospective effect from April 1, 2026. The move fundamentally transforms how the government handles tax defaults, shifting enforcement strictly away from personal incarceration toward asset-based […]