Stories
GST Council Meeting on Oct 7: Key Decisions Expected for Businesses.
C
CNBC Awaaz•29-09-2026, 14:27
GST Council Meeting on Oct 7: Key Decisions Expected for Businesses.
- •The 57th GST Council meeting will be held in Delhi on October 7.
- •Proposals include easing GST registration for small and e-commerce businesses.
- •Consideration to waive late fees for businesses with turnover less than Rs 5 crore.
- •Proposal to reduce penalty amount in GST-related cases from Rs 25,000 to Rs 10,000.
- •Changes possible in Input Tax Credit (ITC) process for capital goods and heavy machinery.
Key Questions Answered
There is a proposal to waive late fees for businesses that have a turnover of less than Rs 5 crore.
A decision may be taken to reduce the penalty amount in GST-related cases from Rs 25,000 down to Rs 10,000, alongside a new framework for minor cases.
The 57th meeting of the GST Council is scheduled to be held in Delhi on October 7.
