The 57th GST Council Meeting is scheduled for 7 October 2026 in New Delhi, with the preparatory Officers’ Meetings scheduled for 5 and 6 October. The meeting, which was originally scheduled for 12 September, has now been rescheduled. For businesses, tax professionals and the wider GST community, the upcoming meeting assumes considerable importance. After almost nine years of GST, the focus is no longer merely…
With GST 2.0’s rate rationalisation largely complete, the GST Council is now turning its attention to a far more complex, but equally significant issue that has quietly strained the finances of businesses across India — the accumulation of Input Tax Credit (ITC) under the Inverted Duty Structure (IDS). As the Council prepares for its 57th meeting, expected in late July or August, government sources indicate…
