GST Council May Weigh ITC Relief for Insurance, Catering and Write-Offs on October 7
The GST Council is likely to examine a set of relief proposals on input tax credit at its October 7 meeting, after the law committee backed changes covering insurance, catering, samples and inventory write-offs. The proposals, if approved, could ease compliance pressure for businesses and clarify long-running disputes over credit eligibility in routine commercial operations.
