Goods & Service Tax (GST) 24 September 2026
Industry Pushes ITC on Reverse-Charge GST Before Oct 7 Council
Businesses across sectors are urging the GST Council to allow Input Tax Credit on reverse‑charge transactions, arguing it would improve cash flow and simplify compliance. The request comes ahead of the 57th GST Council meeting scheduled for October 7, where the proposal is expected to be discussed. Industry groups hope the change will reduce tax burden and align India’s GST framework with global practices.
Businesses are lobbying the GST Council to permit Input Tax Credit (ITC) on reverse‑charge GST, saying it would ease cash flow pressures and streamline compliance. The request is timed for the upcoming 57th GST Council meeting on Oct 7.
- Goal: Allow ITC on reverse‑charge to reduce tax burden.
- Rationale: Improves working capital for companies.
- Next step: Council discussion at the Oct 7 meeting.
For full details, see the original article.
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