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ARTICLE · 03 NOVEMBER 2026

Recent Developments In India's Corporate & Commercial Laws - October 2026

Fox & Mandal
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The October 2026 edition of Fox & Mandal's newsletter examines GST reforms; SEBI’s 215th board meeting; compliance simplification for FPIs exclusively invested in G-secs; stricter foreign exchange derivative norms; Heightened scrutiny of misuse in personal guarantor insolvency; and other changes in India's corporate, capital markets, infrastructure, and banking sectors.

IndiaCorporate/Commercial Law
Ashutosh Gupta
Ashutosh Gupta
Neytra Nayak
Neytra Nayak
Saurav Bhaumik
Saurav Bhaumik
Bhargav Mitra
Bhargav Mitra
Prashaant Vikram Rajput
Prashaant Vikram Rajput
Anwesha Sinha
Anwesha Sinha
Abhimanyu Kakrania
Abhimanyu Kakrania
Aman Maini
Aman Maini
Rangita Chowdhury
Rangita Chowdhury
+9 more
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Major reforms to GST enforcement, input tax credit, and compliance framework

57th GST Council Meeting Recommendations

Ministry of Finance, Government of India | October 8, 2026

The GST Council, at its 57th meeting held on October 8, 2026, recommended wide-ranging reforms to the GST framework, with particular emphasis on addressing substantive restrictions and procedural inefficiencies under the Central GST Act, 2017.

These recommendations focus on rationalising penal provisions, decriminalising business operations, expanding input tax credit (ITC) eligibility across sectors, automating refunds, and streamlining export rules to ease operational friction and enhance working capital availability for businesses.

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