Good and simple tax: How the GST Council's latest reforms are finally making it a reality
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Summary
Almost a decade after India adopted the goods and services tax (GST), significant reforms are underway. The procedural changes approved by the GST Council could go a long way towards realizing its economic promise. Here’s what will change—and what’s pending.
Key Facts
TypeNews
SourceLivemint - Opinion
PublishedMonday, 12 October 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
20 million central + state government employees
Key Authorities
Key Stakeholders
Government Context
NDA IIIBJP-led NDA
LeftCentreRight