GST Reforms Proposed From November 1 To Ease Registration, Refunds And Penalties; Experts Explain Changes In Indore
GST reforms discussed at an Indore seminar include simplified registration, faster refunds, revised penalties and taxpayer safeguards. Expert CA Sunil P Jain outlined proposals for input services refunds from November 1, capital goods ITC refunds from April 2027, higher prosecution thresholds and compliance relief for eligible small businesses nationwide.