GST Council meeting postponed for second time, rescheduled to October 8
The GST Council meeting, initially set for September 12 and rescheduled to October 7, has been postponed again to October 8 due to "unavoidable circumstances." The meeting, led by Finance Minister Nirmala Sitharaman, will address proposed GST reforms aimed at simplifying compliance and reducing costs for businesses, with significant changes expected in prosecution thresholds and refund mechanisms.