LatestIncome Tax 8 October 2026
GST Council Proposes Amendment to Curb Kerala Revenue Leakage
The 57th GST Council meeting introduced a proposed amendment to tighten input tax credit rules, targeting loopholes that have allowed businesses in Kerala to claim excessive credits. The change is expected to significantly reduce the state's revenue leakage and improve fiscal health, pending final approval and implementation.
The 57th GST Council met and discussed a *proposed amendment* to the input tax credit framework, aiming to close loopholes that let businesses claim excess credits in Kerala.
- Tightens eligibility for input tax credit claims
- Reduces revenue leakage and strengthens state finances
- Implementation timeline pending final approval
Read the full story here.
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