Gross GST collections reached about ₹12.46 lakh crore in April–September 2026, up 11.6% year-on-year, as CBIC published detailed FAQs explaining the 57th GST Council's decisions on goods, services and procedures.
A new report projects India's flexible office market will reach 160 million sq ft by 2030, as Pune records a 28% jump in flex seat leasing and operators including COWRKS expand in Chennai.
Following the 57th GST Council's recommendations, small sellers on e-commerce platforms and consumer-facing businesses under ₹5 crore turnover should prepare for simplified GST registration and the proposed optional scheme.
Knight Frank and Cushman & Wakefield data show flexible workspace operators and global capability centres taking a larger share of India's office leasing in January–September 2026, with rents rising across major markets.
The 57th GST Council meeting removed GST officers' arrest powers, raised the prosecution threshold from ₹1 crore to ₹5 crore and cut the general penalty from ₹25,000 to ₹10,000, with changes effective from April 2027.
WeWork India signed a 160,744 sq ft lease in Pune with a ₹44 crore investment, while Knight Frank data shows global capability centres and flex operators taking a larger share of India's office leasing.
Tax experts estimate the 57th GST Council's refund and input tax credit changes could release ₹25,000 to ₹60,000 crore in working capital, though the figures are not directly comparable.
UrbanVault leased 160,000 sq ft at Bengaluru's Helios Business Park, while Cushman & Wakefield data shows net office leasing fell 20% in Jan–Sep 2026 even as gross leasing hit a record.
The government will bring a faceless, single-window assessment system for about two lakh GST taxpayers registered under multiple CGST jurisdictions, with public consultation by year-end.
WeWork India opened new centres in Bengaluru and Pune adding about 2.25 lakh sq ft, while enterprise operator Table Space filed its draft IPO papers to raise ₹800 crore.
The 57th GST Council meeting on 8 October 2026 recommended removing arrest provisions, a lower general penalty and simpler registration. What it means.
Colliers India reports 54.4 million sq ft of office leasing across the top seven markets in Jan–Sep 2026, up 7%, with GCCs and flex operators driving demand.
From the January 2026 tax period, the GST portal auto-computes interest in GSTR-3B Table 5.1 using the minimum cash ledger balance. Here is what changed.