GST Council Meeting 2026: Faster Refunds, ITC Relief, and Registration Rules on Agenda

The 57th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, is underway today, with key reforms to India's goods and services tax regime under consideration. The agenda focuses on faster refunds, input tax credit relief, registration rules, and arrest provisions. The Council's decisions are expected to significantly impact businesses across sectors, particularly those dealing with refunds and input tax credit. Taxpayers and industry are closely watching for compliance and enforcement changes, while consumers await potential rate adjustments affecting goods and service prices. The meeting's recommendations will shape future GST policy, with live updates tracking Sitharaman's statements and final outcomes. The reforms aim to streamline dispute resolution and improve the overall tax framework for stakeholders.