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GST Council Meeting on October 7 to Focus on Major Process Reforms and Simplifications
C
CNBC Awaaz•05-10-2026, 15:13
GST Council Meeting on October 7 to Focus on Major Process Reforms and Simplifications
- •Preparations are underway to simplify processes ranging from GST returns to refunds.
- •No notices will be issued for cases involving less than 10000 rupees.
- •GST registration applications will be deemed approved after 10 days.
- •Health, life insurance, and telecom tower businesses are set to be brought under the purview of Input Tax Credit.
Key Questions Answered
The GST Council meeting is scheduled to be held on October 7 to make key decisions regarding major process reforms.
Preparations are underway to make GST registration easier, where a registration application will be deemed approved after 10 days, while registration will be completed within 3 days in 60 percent of cases.
Preparations are currently underway to bring health, life insurance, and telecom tower businesses under the purview of Input Tax Credit, also known as ITC.
