BusinessNext-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.
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