- India’s Ministry of Finance announced GST Council recommendations to simplify GST registration for specified small businesses selling on e-commerce platforms.
- An alternative mechanism will be introduced for amending GST liabilities and input tax credits (ITCs) in returns, effective April 2027.
- Automatic provisional refunds of 90% will be provided for zero-rated supplies and inverted duty structure cases.
- The maximum general penalty for noncompliance will be reduced to INR 10,000 from INR 25,000.
- ITC refunds will be expanded to cover input services from Nov. 1, 2026, and capital goods from April 1, 2027.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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