57th GST Council meeting likely to be postponed

The 57th GST Council meeting, scheduled for September 12, is likely to be postponed, with a final decision expected after consultations with states.

The agenda included several ease-of-doing-business measures: protecting buyers' input tax credit when suppliers fail to deposit GST, simplifying taxation of corporate guarantees, allowing ITC on certain employee-related expenses, and enabling small businesses to obtain GST registrations across multiple states.