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← 2 October 2026's Current Affairs · Economy GA Prelims ★★★☆☆ Mains ★★★☆☆

GST Council to Meet on 7 October; ITC Relief on the Agenda

2 October 2026 · ⏱ 2 ನಿಮಿಷ · GS-III Economy — Taxation

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ಸುದ್ದಿಯಲ್ಲಿ ಏಕೆ?

GST Council meets 7 October: which Article creates it, and who chairs it? GS-III Prelims essentials

The GST Council meets on 7 October with ITC relief proposals backed by its Law Committee.

Why it matters: general awareness

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What you need to know

2 ನಿಮಿಷ

The GST Council is scheduled to meet on 7 October, and proposals on input tax credit relief may come up.

The Council's Law Committee has backed relief on items such as insurance, catering, samples and write-offs.

The Council is a constitutional body under Article 279A, chaired by the Union Finance Minister with State finance ministers as members.

ಮೂಲಗಳು: Topper IAS editorial (PIB / The Hindu / Indian Express)

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ಮುಖ್ಯ ಅಂಶಗಳು

Remember these

  • GST Council meets on 7 October; input tax credit (ITC) relief may be discussed
  • Law Committee has backed ITC relief on insurance, catering, samples and write-offs
  • GST Council is a constitutional body under Article 279A
  • Chaired by the Union Finance Minister; State finance ministers are members
  • Article 246A gives Parliament and State legislatures the power to levy GST
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ಪ್ರಿಲಿಮ್ಸ್ · ಮೇನ್ಸ್

How the exam will ask it

ಪ್ರಿಲಿಮ್ಸ್

  • The GST Council is provided for under Article 279A of the Constitution, not Article 246A.
  • The Union Finance Minister chairs the GST Council, and State finance ministers are its members.
  • Input tax credit allows a registered taxpayer to reduce tax paid on inputs from the tax payable on outputs.

ಮೇನ್ಸ್

GS-III Economy (Taxation) and GS-II federalism. Issue: ITC restrictions on items like insurance and catering raise business costs and disputes; the GST Council under Article 279A recommends rate and credit rules through cooperative federalism. Implication: relief eases compliance and cost cascading but affects revenue; way forward is clear, uniform ITC rules agreed by consensus.

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Quick recall

Answer before you reveal

ಜಿಎಸ್‌ಟಿ ಮಂಡಳಿಯ ಕುರಿತು ಈ ಹೇಳಿಕೆಗಳನ್ನು ಪರಿಗಣಿಸಿ:

  1. ಇದನ್ನು ಸಂವಿಧಾನದ ವಿಧಿ 246A ಅಡಿಯಲ್ಲಿ ಸ್ಥಾಪಿಸಲಾಗಿದೆ.
  2. ಕೇಂದ್ರ ಹಣಕಾಸು ಸಚಿವರು ಇದರ ಅಧ್ಯಕ್ಷರು. ಮೇಲಿನ ಹೇಳಿಕೆಗಳಲ್ಲಿ ಯಾವುದು/ಯಾವುವು ಸರಿಯಾಗಿವೆ?
  1. ಕೇವಲ 1
  2. ಕೇವಲ 2
  3. 1 ಮತ್ತು 2 ಎರಡೂ
  4. 1 ಅಥವಾ 2 ಯಾವುದೂ ಅಲ್ಲ
ಉತ್ತರ ನೋಡಿ

ಉತ್ತರ: B — ಸರಿಯಾದ ಉತ್ತರ: ಕೇವಲ 2 — ಜಿಎಸ್‌ಟಿ ಮಂಡಳಿ ವಿಧಿ 279A ಅಡಿಯಲ್ಲಿದೆ; ವಿಧಿ 246A ಅಲ್ಲ. ಹೇಳಿಕೆ 2 ಸರಿ.

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