1. GST 2.0: Process reforms set for April 1, 2027 launch as tax system gets an overhaul

GST 2.0: Process reforms set for April 1, 2027 launch as tax system gets an overhaul

Business

  • All GST process reforms approved by the 57th GST Council will take effect from April 1 2027.
  • The reforms cover GST registration refunds compliance and enforcement measures aimed at helping businesses.
  • Refund acknowledgement time will be reduced to 10 days with 90% refunds issued within three working days.
  • The Council recommended removing GST arrest powers and approved simplified registration for small e-commerce sellers.

Source: moneycontrol.com

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