GST Council to Consider 17-Day Refund Timeline, Faster Registrations
4 Articles
4 Articles
GST Council to consider 17-day refund timeline, faster registrations
The GST Council is set to consider measures to speed up refunds and GST registrations, with a proposed 17-day refund timeline and greater automation for registrations. It may also ease compliance for small businesses selling across states through e-commerce platforms, simplify registration cancellations and expand input tax credit eligibility.
Most GST refunds may be processed within 17 days
The GST Council intends to shorten the refund processing period to around 17 days for businesses. It will also work to automate registering for a GST number to speed up the process. For small businesses operating in multiple states, avoiding repetitive registrations will be considered. Additionally, the proposal includes eliminating physical verification for registration cancellations. Changes will allow input tax credit on various business-rela…
New Delhi. The crucial 57th GST Council meeting is being held today in the national capital, Delhi, under the chairmanship of Union Finance Minister Nirmala Sitharaman. Several major procedural reforms are being discussed in this meeting to make the GST system simpler and more transparent. This time, the focus is on changes in GST rates […]
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
