GST Council to consider ITC relief proposals on October 7

The GST Council is expected to discuss ITC (Input Tax Credit) relief proposals at its meeting scheduled for October 7. The Law Committee has already backed relief measures covering insurance, catering, samples and write-offs.

These proposals aim to address long-standing grievances from businesses regarding input tax credit restrictions in certain sectors. The Council's consideration of the measures could provide relief to affected businesses and clarify compliance requirements.