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Business

GST 2.0 May Replace Arrests with Fines for Tax Defaulters

The Goods and Services Tax Council plans to advance GST 2.0 reforms by removing the provision allowing tax officials to arrest defaulters, replacing it with fines. Proposed changes include enabling taxpayers to correct sales statements directly, introducing a single annual return for small businesses, simplifying registration with a three-day deadline, and using data analytics to approve 90% of low-risk refund claims automatically.

Hindustan Times·

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Business

Next-Gen GST to Simplify Tax Rules; Major Meeting on October 7

The Next-Gen GST aims to simplify tax rules and rates, boosting GST collection and business activities. From April to September 2026, gross GST collection rose 11.6% to ₹12.46 lakh crore, taxable supply increased by 25.8%, and B2C sales grew 26.7%. GST registrations reached about 1.71 crore. On October 7, the GST Council will discuss reforms in registration, returns, refunds, and input tax credit.

News18Hi Business·

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Politics

Delhi High Court Rejects FIR Plea Against Kapil Mishra, Parvesh Verma

The Delhi High Court dismissed a plea seeking FIR registration against BJP leaders Kapil Mishra, Parvesh Verma, and others over alleged hate speech linked to the 2019 Jamia violence and 2020 North-East Delhi riots. Earlier, a Delhi court also refused to direct FIR registration against Kapil Mishra and others in a related case. The complainant may still present evidence under the Bharatiya Nagarik Suraksha Sanhita.

News18··Delhi

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Business

US Systematic Funds Face Risks from Record Equity Exposure

US stocks are at risk of decline as volatility-control funds and CTAs hold historically high equity exposure following the S&P 500 rally. A spike in volatility could trigger heavy selling by systematic strategies, potentially worsening market drops. Concentrated AI gains, stretched positions, and the upcoming US midterm elections increase concerns about market volatility.

ET Markets·

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Health

Karmic Beauty Focuses on Skin Longevity Over Quick Fixes

Karmic Beauty emphasizes skin and hair longevity rather than quick fixes, addressing what skin truly needs for long-term health. Founders Dr Vaibhav Mittal and Komal Mittal discuss evolving Indian beauty consumers, product development, and emerging trends. They highlight the complexity of modern skincare choices and advocate for routines that maintain healthier, stronger, and more resilient skin and hair.

HT Health·

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Politics

Congress Calls CEC a Liability for Executing Illegal Orders

Congress leader Jairam Ramesh criticized the Chief Election Commissioner (CEC) for allegedly executing illegal orders from the government, calling him a liability for the country. This attack followed Supreme Court Justice Ujjal Bhuyan's remark that any process disenfranchising millions of Indian citizens is arbitrary and negates the constitutional order.

The Hindu·

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