GST Council reforms address key industry concerns, focus shifts to implementation, says Dept of Revenue official
Economic Times 1 hr ago·12 Oct 2026, 4:39 pm
India's GST Council has moved to address long-standing concerns from the business community by approving a series of recommendations. The focus is now shifting from policy formulation to its practical implementation, aiming to create a more uniform system across states. A dedicated working group has been formed to review specific issues, particularly regarding input tax credit eligibility and supplier tax payments, to ensure that genuine taxpayers are not burdened.
This move is significant for investors as it aims to simplify compliance and reduce the administrative burden on businesses. By addressing these structural issues, the government hopes to improve the ease of doing business and potentially boost economic activity. Investors should now focus on how effectively these reforms are rolled out on the ground and whether they lead to a smoother tax regime for the broader market.
Excerpt from Economic Times
During the 57th GST Council meeting, significant recommendations were made to address concerns from stakeholders. The government plans to implement these reforms collectively with state administrations to ensure uniformity. A working group will review issues related to input tax credit eligibility and supplier tax…Read the original at Economic Times
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