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Biggest GST News: Rates to Change Annually from April 1st
C
CNBC Awaaz•06-10-2026, 16:07
Biggest GST News: Rates to Change Annually from April 1st
- •Major procedural reforms are being prepared for GST, including discussions to change GST rates every year starting April 1st.
- •The government is expediting the GST refund process to introduce a system that issues refunds within a maximum of 17 days.
- •There is currently no proposal to change GST rates or discuss MDR charges on UPI in the upcoming GST Council meeting agenda.
- •An invoice matching system and faceless assessment are soon to be introduced to advance GST-related processes.
Key Questions Answered
Government sources indicate that preparations are underway to change GST rates every year starting on April 1st as part of major procedural reforms.
The government is preparing to expedite the GST refund process by introducing a system designed to issue refunds within a maximum of 17 days.
There is currently no proposal or agenda item to change GST rates in this meeting of the GST Council.
