GST Council meeting 2026: What may change as GST 2.0 takes aim at ITC, refunds, arrest powers and other reforms
MeridStreet AI summaryThe GST Council is meeting in New Delhi to propose significant reforms for tax administration. These reforms aim to address issues such as arrest powers for tax officers, requiring court orders for detentions, which could reduce the risk of arbitrary arrests. The changes also include unblocking input tax credits on certain business expenses, benefiting various industries. This could lead to increased economic activity and growth, as businesses have more access to tax credits.
Read the source report: Economic Times →
Why it matters
The GST Council is proposing significant reforms for tax administration, which could lead to increased efficiency and reduced compliance costs for businesses. This could have a positive impact on the Indian economy, making it more attractive to investors and
Market impact
Markets & countries in focus
Transmission channels
Likely winners & losers
Winners
- Indian equities
- Financial services
- Small businesses
Under pressure
- Tax evaders
- Informal sector
Explore the intelligence
MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Economic Times. For information only — not financial advice.