Quick Summary
The 56th meeting of the GST Council was held in New Delhi under the chairpersonship of the Union Finance Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council inter-alia made the recommendations relating to changes in GST tax rates, provide relief to individuals, common man, aspirational middle class and measures for facilitation of trade in GST. In a move to improve cash flow for businesses, the GST Council has recommended an amendment to Section 54(6) of the CGST Act, 2017, t
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FAQ :
The GST Council has recommended allowing provisional sanction of 90% of refund claims arising from the inverted duty structure, a benefit previously limited to zero-rated supplies.
The mechanism for provisional refunds for inverted duty structures will be operationalised from 1st November 2025.
The refunds will be sanctioned provisionally, based on risk identification and system evaluation, similar to the process for zero-rated refunds.
An inverted duty structure occurs when the tax rate on inputs is higher than the tax rate on output supplies.
Businesses will experience improved liquidity and reduced delays in accessing funds, which will help manage working capital more effectively and support ease of doing business, especially for MSMEs.
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