BusinessGST Council to Maintain Rates, Focus on Structural Reforms
The 57th GST Council meeting on October 8 will keep GST rates unchanged and concentrate on procedural and structural reforms related to registration, refunds, input tax credit, and enforcement. No broad rate changes are planned, but limited rationalisation and clarifications will be discussed. Future rate changes may be annual from April 1 for predictability. Recent data shows a 25.8% rise in taxable supplies and a 13.6% increase in tax liability.
NDTV·

