Policy● Neutral for Indian equities
Frequent GST rate tinkering to make way for annual changes
- GST Council may set different timelines for services, capital goods refunds
- Industrial alcohol is the GST Council's unfinished federal business: States won the legal fight, but the 18% GST still applies
- GST Council may allow export tag for overseas contract manufacturing
- GST Council meeting rescheduled to October 8
- 57th GST Council meeting rescheduled for October 8 from October 7; to be held at Bharat Mandapam in New Delhi
Proposed GST enforcement reforms
Proposals for the GST Council to consider include removing officials’ direct arrest powers, requiring court-ordered arrests and setting a ₹5 crore prosecution threshold. The Council is expected to discuss enforcement changes on October 7, with legislation possibly following in the Winter Session.
Monday, 5 October
- Frequent GST rate tinkering to make way for annual changes