October GST Council to Prioritise Process Reforms, FM Says

India’s GST Council will meet in October to improve how the GST system works.

Finance Minister Nirmala Sitharaman said the meeting will mainly discuss process reforms, not new rate changes.

The meeting is expected to consider e-invoicing, tax disputes and input tax credits.

It may also discuss easier registration for some large businesses.

Sitharaman asked businesses to point out rules that should be removed or fixed.

She said the government is also working on customs reforms.

Taxing cryptocurrency is still being discussed with experts and other countries.

She said commercial space activities should be taxed, while space research and innovation may need gentler treatment.

The minister also warned that tariffs, wars and import challenges could make the next six months difficult for the economy.