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National News

The Times of India

National / The Times of India

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Faster registration, easier refunds: Reform rollout with GST 2.0

GST Council plans to unveil substantial reforms aimed at improving business processes and facilitating growth. The proposed changes involve streamlined registration, easier refunds, and a more efficient input tax credit system. Decriminalisation measures are also proposed to alleviate issues for businesses with minor offenses. A focus is on reducing discretionary practices and using technology to minimize litigation. These reforms seek to enhance operational efficiency for both small and large enterprises.

5 Oct 2026 1:55 am