BusinessGST Council Approves Faster Registration, ITC Processing, and Refunds
The 57th GST Council meeting in New Delhi approved measures to simplify compliance, speed up GST registration, automate input tax credit (ITC) processing, and accelerate refunds. The new system will expand risk-based processing, allowing low-risk taxpayers quicker approvals with less manual intervention. These changes aim to reduce working capital burdens, benefiting MSMEs, exporters, and businesses with large ITC balances by enabling faster provisional payouts using customs and banking data.
News18··New Delhi


