- Karnataka, Maharashtra, Uttar Pradesh, Gujarat and Tamil Nadu will be permanent members of a new GST Standing Committee; the remaining 7 seats will rotate among 12 states every two years.
- The Centre is pushing states to widen the GST base, using data analytics and technology support to bring more businesses into the tax net and improve disclosure quality.
- GSTN and the Centre will address identified system gaps; the government expects the current 1.7 crore registered taxpayers to increase.
- States may be asked to implement B2C e-invoicing from April 1, with GSTN launching a B2C invoicing app on its portal.
- Businesses may receive incentives to adopt B2C e-invoicing, which is intended to improve supply-chain data and reduce leakage.
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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