EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
57th GST Council meeting | Key changes announced
The 57th GST Council Meeting was held in New Delhi on 8 October, under the chairpersonship of Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman.
The key highlights are as follows:
- GST Council recommends major reforms through wider ITC and refund eligibility, and various trade facilitation measures.
- ITC on input services availed on or after 1 November 2026 will be eligible for refund under IDS.
- Supply of services to / through head office, branch, agency or representational office outside India will be granted export status subject to fulfilment of specified conditions.
- Reforms relating to refund processing will be implemented in two phases.
- Alternate mechanism for making amendment of liabilities and ITC in returns will be provided to minimize mismatches and reduction of notices/intimations.