The 57th GST Council Meeting, held on 8 October 2026, recommended several significant process reforms resulting in ease of doing business, reducing litigation, and addressing the long-standing concerns of the taxpayers.
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After a gap of more than a year, industry had high expectation from the 57th GST Council Meeting to pave the way for next phase of India's GST journey and this anticipation has been well justified.
Tax reforms are often celebrated for what they remove from the price tag, but their greater success lies in what they take off the balance sheet.
The 57th GST Council Meeting held on 8 October 2026 could well be remembered as a watershed moment in the evolution of India’s GST regime.
India's search for the optimal crude import mix is a constant balancing act.
Manufacturers can anticipate incentives for integrating electric and hybrid vehicles. The guidelines provide leeway for compliance through diverse technology options, shaping both product development and investment directions within the automotive industry.
From strategic partners to economic partners: Reimagining the India-Russia partnership for 2030
Climate finance has often been discussed as a moral obligation of the developed world. That framing is no longer sufficient. In 2026, climate finance must be understood for what it has become: the operating system of the next global economy.
Reviving India's Gold Monetisation Scheme could reduce import reliance and unlock household gold stock. Success requires overcoming trust barriers, simplifying procedures, and targeting raw gold over emotional jewellery.
The combined market capitalisation of companies listed on the BSE stands at about INR 494 lakh crore. As the scale, participation and breadth of India’s listed market grow, so does the responsibility to protect the information on which investment decisions are made.
Corporate guarantees, traditionally used as instruments of group financing and treasury support, have emerged as a recurring area of tax controversy, evolving from predominantly a ‘consideration’ centric debate under the erstwhile service-tax regime to the broader questions of supply, valuation and point of tax under GST.
The Manufacture and Other Operations in Warehouse Regulations, 2019 (MOOWR) has become an important customs duty deferment framework for manufacturers in India.
Appeals under GST carry a statutory cost of entry. A taxpayer challenging an adverse order must first make the prescribed pre-deposit; once this condition is met, recovery of the balance demand is ordinarily deemed to be stayed until disposal of the appeal.
The GST credit mechanism rests on the premise that tax paid at the preceding stage should ordinarily flow as input tax credit, leaving businesses liable to tax only on their value addition.
As GST enters its tenth year, the anticipated 57th GST Council meeting assumes significance far beyond another round of tax rate changes or procedural amendments.
The government’s decision to relax FDI restrictions for inventory-based e-commerce exports is a natural progression of the export facilitation measures introduced by CBIC earlier this year.