Khabar 24h SIMPLE EXPLAINERS ON WORLD AFFAIRS, SCIENCE, HEALTH AND MORE.

KHABAR 24H

Simple explainers on world affairs, science, health and more.

All news under one minute

Business & Economy Read in one minute

GST Council to meet on October 7 with focus on process reforms

The 57th GST Council meeting will be held on October 7 in New Delhi, with process reforms rather than rate changes on the agenda.

According to Finance Ministry sources, no major rate changes are expected. The council will instead focus on registration, input tax credit (ITC), refunds and dispute procedures under the GST 2.0 phase.

Finance Minister Nirmala Sitharaman has said the previous meeting focused on rate rationalisation, while process reforms were deferred to this one. Areas in focus include e-invoicing and ITC rules.

The council may also address a tax anomaly affecting global capability centres, whose services to overseas group companies can attract 18 per cent GST under current place-of-supply rules. A proposed change would let such services qualify as exports.

Officer-level preparatory meetings are scheduled for October 5 and 6. The meeting comes ahead of the Union Budget 2027-28 pre-budget consultations starting October 12.

The meeting will be held in New Delhi, officials said.

Avatar photo
Written by
Khabar 24h Editorial Desk

Khabar 24h Editorial Desk — our explainers are prepared by the Khabar 24h editorial team using AI-assisted research tools, and every piece is reviewed by a human editor before publishing. We do not claim original reporting: our work is turning complex topics into simple, accurate summaries. Spotted an error? Write to contact@khabar24h.com — our corrections policy aims for same-day review.

More from this author →

Leave a Reply

Your email address will not be published. Required fields are marked *