GST Council to consider wider data sharing and rare disease tax relief

The GST Council is set to deliberate on a proposal to broaden data sharing mechanisms, a move that could extend GST information beyond its conventional use in tax administration to serve as a regular source for official economic statistics.

The data-sharing initiative carries particular weight as it represents a potential shift in how GST data is utilised across government functions. Currently, such data is primarily employed for tax compliance and administration purposes.