GST Council may let businesses apply for registrations across multiple states at once
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Timeline
Monday, 5 October
- GST Council may widen ITC on business vehicles, ease interstate checks
Credit could extend to insurance, servicing and repairs, while EVs may get the same tax options as conventional vehicles and interstate goods checks could be reduced
- GST Council likely to align export definition with forex earnings, clarify on overseas branch services
The GST Council is expected to review a proposal to redefine the definition of export for services. This proposal aims to remove ambiguities related to services provided through overseas branches of Indian companies. The changes are anticipated to enhance clarity for exporters and reduce litigation regarding service supply locations. Additionally, this could benefit various sectors including IT…
- GST Council may let businesses apply for registrations across multiple states at once
The Council plans to discuss a unified GST registration process
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