November 15, 2025 Summary: The GST Council has rolled out “Next-Gen GST” reforms aimed at reducing compliance friction. Small businesses with an annual turnover of up to ₹5 crore can now benefit from a further simplified “Invoice Furnishing Facility” and reduced late fees. The government’s goal is to move towards a completely “compliance-lite” environment for the MSME sector by mid-2026.
Next-Gen GST: Simplified Filing System for Businesses Under ₹5 Crore
