Tuesday, 02 January 2024 12:17 GMT

Mint Explainer GST Council Meeting: What Could Change For Refunds, Enforcement And Rate Changes


(MENAFN- Live Mint) The 57th GST Council meeting comes at a critical stage in the evolution of India's nine-year-old goods and services tax (GST) regime, with the focus shifting from broad rate rationalization to the system's plumbing-from refunds and input tax credit to registration, enforcement, litigation and the use of tax data.

The meeting, after being rescheduled twice, is finally set for 8 October. It was originally scheduled for 12 September and later moved to 7 October. Mint explains the proposals before the Council that could affect exporters, manufacturers, smaller businesses, e-commerce sellers and patients dependent on imported medicines.

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Live Mint

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