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Next-Gen GST Reforms to Simplify Compliance, Boost Businesses: FM Sitharaman
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News18•05-10-2026, 10:22
Next-Gen GST Reforms to Simplify Compliance, Boost Businesses: FM Sitharaman
- •Finance Minister Nirmala Sitharaman announced the next phase of GST reforms will focus on simplifying compliance, improving input tax credit flow, and reducing taxpayer time and cost.
- •The proposed reforms, expected before the GST Council on October 7, aim to build on nine years of GST implementation experience.
- •Next-Gen GST has seen a 25.8% increase in reported taxable supplies and an 11.6% rise in gross GST collections (April-September 2026).
- •GST registrations grew by nearly 15% to 1.71 crore, and GSTR-3B return filings increased by 12.6% year-on-year.
- •The reforms also strengthened state revenues, with aggregate SGST receipts rising by approximately 16%.
Key Questions Answered
The upcoming phase of goods and services tax reforms will focus on simplifying compliance across registration, returns, refunds, disputes, and input tax credit, while reducing time and costs for taxpayers.
Gross GST collections reached Rs 12.46 lakh crore between April and September 2026, marking an 11.6% increase year-on-year with double-digit annual growth recorded every month from June through September.
Around Rs 1.80 lakh crore was refunded to taxpayers between April and September 2026, helping businesses plan their purchases and production with greater confidence.
