GST Council meeting today: No rate changes likely, faster refunds | 10 key expections, reforms on table
The GST Council met today, confirming no changes to GST rates while discussing reforms on registration, refunds, and input tax credits. Key proposals include annual rate reviews starting April 1, faster refund processing within 10 days, and wider input tax credit eligibility. These reforms aim to enhance predictability and efficiency in the GST framework.