{
  "id": 12861772,
  "title": "GST Council allows ITC refunds on capital goods, services in major reform",
  "url": "https://urgent.news/2026/10/08/gst-council-allows-itc-refunds-on-capital-goods-services-in-major",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T11:54:21.000Z",
  "source": {
    "name": "Business Standard IN",
    "slug": "business-standard-in",
    "url": "https://www.business-standard.com/economy/news/gst-council-allows-itc-refunds-on-capital-goods-services-in-major-reform-126100801014_1.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "The GST Council has approved refunds of accumulated tax credits on input services from November 1 and plant and machinery from April 2027, alongside wider ITC eligibility for business expenses",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}