1 hr ago
GST Council Meeting Delayed Amid BRICS Summit Scheduling Clash
India’s GST Council was supposed to meet on September 12.
The meeting will now happen on October 7 in Delhi.
Reports link the delay to the BRICS Summit being held in the city at the same time.
The Council discusses important GST rules and tax administration.
Its next meeting may focus on making GST compliance easier for businesses.
One proposal could protect buyers’ tax credit when suppliers fail to deposit GST, if buyers provide proper payment proof.
Other proposals could change tax-credit rules for vehicles, employee insurance, food services and some other expenses.
The Council may also simplify registration procedures for larger businesses.
Automobile dealers are separately asking about compensation cess credits, but that issue is before the Supreme Court.
The 57th GST Council meeting has been moved from September 12 to October 7 in Delhi.
The postponement is linked to logistical concerns surrounding the BRICS Summit on September 12-13.
The agenda is not finalized, but compliance and ease of doing business are expected priorities.
Potential measures include changes to input tax credit rules and simplified GST registration procedures.
Automobile dealers are seeking clarity on accumulated compensation cess credits, a matter pending before the Supreme Court.
- Who
- The 57th Goods and Services Tax Council, chaired by the Union Finance Minister and comprising state and eligible Union Territory finance ministers.
- What
- Its 57th meeting has been postponed from September 12 to October 7.
- Where
- Delhi.
- When
- The meeting was originally scheduled for September 12 and is now scheduled for October 7; the BRICS Summit is set for September 12-13.
- Why
- The postponement is understood to result from a scheduling and logistical clash with the BRICS Summit.
Key facts
- Meeting
- 57th GST Council meeting
- New date
- October 7
- Original date
- September 12
- Location
- Delhi
- BRICS Summit
- Scheduled for September 12-13 at Bharat Mandapam
- Registration threshold
- Simplified registration currently applies to applicants with output tax liability not exceeding ₹2.5 lakh per month
- Compensation cess dispute
- Industry associations have estimated accumulated credits at about ₹2,500 crore; the issue is pending before the Supreme Court
Sources
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