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⚡𝗧𝗵𝗲 𝟱𝟳𝘁𝗵 𝗚𝗦𝗧 𝗖𝗼𝘂𝗻𝗰𝗶𝗹 𝗠𝗲𝗲𝘁𝗶𝗻𝗴 𝗶𝘀 𝗮𝗿𝗼𝘂𝗻𝗱 𝘁𝗵𝗲 𝗰𝗼𝗿𝗻𝗲𝗿 𝗮𝗻𝗱 𝘁𝗵𝗲 𝘀𝘁𝗮𝗸𝗲𝘀 𝗮𝗿𝗲 𝗛𝗜𝗚𝗛. After the landmark 𝗚𝗦𝗧 𝟮.𝟬 reforms of September 2025 (rate rationalisation, insurance exemption, slab simplification), the next Council meeting 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝗶𝗻 𝗹𝗮𝘁𝗲 𝗠𝗮𝘆 𝗼𝗿 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟲 is set to shift gears. 𝗧𝗵𝗶𝘀 𝘁𝗶𝗺𝗲, 𝗶𝘁'𝘀 𝗻𝗼𝘁 𝗮𝗯𝗼𝘂𝘁 𝗿𝗮𝘁𝗲𝘀. 𝗜𝘁'𝘀 𝗮𝗯𝗼𝘂𝘁 𝗖𝗢𝗠𝗣𝗟𝗜𝗔𝗡𝗖𝗘. 𝗛𝗲𝗿𝗲'𝘀 𝘄𝗵𝗮𝘁'𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗿𝗮𝗱𝗮𝗿: 🔴 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗶𝘁𝘆 & 𝗡𝗮𝘁𝘂𝗿𝗮𝗹 𝗚𝗮𝘀 𝘂𝗻𝗱𝗲𝗿 𝗚𝗦𝗧 India's biggest pending GST inclusion. These are still outside the GST net, causing massive ITC chain disruptions for manufacturers and industries. Bringing them in = game-changer. 🔴 𝗜𝗧𝗖 𝗥𝗲𝗳𝘂𝗻𝗱 𝗼𝗻 𝗜𝗻𝗽𝘂𝘁 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 The artificial distinction between goods and services for refund purposes has blocked working capital for hundreds of industries. Experts are pushing hard for this to be resolved. 🔴 𝗖𝗼𝗺𝗽𝗲𝗻𝘀𝗮𝘁𝗶𝗼𝗻 𝗖𝗲𝘀𝘀 — 𝗪𝗵𝗮𝘁 𝗡𝗲𝘅𝘁? The cess expired on March 31, 2026. A GoM is exploring a replacement 'health and clean energy' cess. Watch this space closely. 🔴 𝗚𝗦𝗧 𝗔𝗺𝗻𝗲𝘀𝘁𝘆 𝗦𝗰𝗵𝗲𝗺𝗲 A one-time relief for procedural non-compliances from the early years of GST is being discussed. 𝗛𝘂𝗴𝗲 𝗿𝗲𝗹𝗶𝗲𝗳 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝗳𝗼𝗿 𝗠𝗦𝗠𝗘𝘀. 🔴 𝗙𝗮𝘀𝘁𝗲𝗿 𝗗𝗶𝘀𝗽𝘂𝘁𝗲 𝗥𝗲𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻 A separate, independent adjudication wing within CBIC is being proposed to reduce the current pro-revenue bias perception at appeal levels. 💡 𝗧𝗵𝗲 𝗺𝗲𝘀𝘀𝗮𝗴𝗲 𝗶𝘀 𝗰𝗹𝗲𝗮𝗿: 𝗚𝗦𝗧 𝟮.𝟬 𝗳𝗶𝘅𝗲𝗱 𝗪𝗛𝗔𝗧 𝘄𝗲 𝘁𝗮𝘅. 𝗧𝗵𝗲 𝟱𝟳𝘁𝗵 𝗖𝗼𝘂𝗻𝗰𝗶𝗹 𝘄𝗶𝗹𝗹 𝗱𝗲𝗰𝗶𝗱𝗲 𝗛𝗢𝗪 𝘄𝗲 𝗰𝗼𝗺𝗽𝗹𝘆. 𝗔𝗿𝗲 𝘆𝗼𝘂 𝘄𝗮𝘁𝗰𝗵𝗶𝗻𝗴 𝘁𝗵𝗲 𝟱𝟳𝘁𝗵 𝗖𝗼𝘂𝗻𝗰𝗶𝗹 𝗺𝗲𝗲𝘁𝗶𝗻𝗴? 𝗪𝗵𝗮𝘁'𝘀 𝘁𝗵𝗲 𝗼𝗻𝗲 𝗿𝗲𝗳𝗼𝗿𝗺 𝘆𝗼𝘂'𝗿𝗲 𝗿𝗼𝗼𝘁𝗶𝗻𝗴 𝗳𝗼𝗿? 👇 CA Keshav Agarwal #GST #57thGSTCouncil #GSTCouncil #IndirectTax #TaxReforms #ITC #GSTCompliance #India #Finance #CA #CFO #MSMEs #GSTIndia