GST Council 2026 Highlights: The GST Council has approved a series of major reforms, including faster GST refunds, easier registration and cancellation, wider ITC eligibility, no notices below ₹10,000, lower prosecution and penalty thresholds, simplified compliance for small businesses and easier GST checks on interstate goods movement. The Council also discussed protection for genuine taxpayers in ITC disputes and recommended removing arrest powers under GST. The reforms are targeted for implementation from April 1, 2027, while the Centre plans to introduce faceless CGST administration in FY 2027-28.