GST Council Meet Focuses on Ease of Doing Business, ITC Overhaul and Decriminalisation
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
The 57th GST Council meeting is set to consider major GST 2.0 reforms, including wider input tax credit eligibility, protection for genuine buyers from supplier defaults, faster refunds, simpler GST registration and MSME compliance relief. Proposed changes also include removing…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullish57th GST Council meeting considers GST 2.0 reforms to simplify compliance and reduce business costs.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Meeting considers GST 2.0 reforms including wider input tax credit eligibility.
- 02Proposals include removing GST arrest provisions and raising prosecution threshold.
- 03Planned easing of export rules, simpler GST registration and MSME compliance relief.