GST Council to focus on process reforms at October 7 meet

The GST Council is scheduled to meet on October 7 with a focus on process reforms rather than rate changes, according to sources. While no new rate proposals are anticipated, the Council may examine the 18% GST levied on merchant discount rates (MDR), a key issue for the payments and fintech sectors.

The meeting is expected to address procedural improvements in the goods and services tax regime to enhance compliance and ease for businesses.