The GST Council, scheduled to meet on December 21, is expected to discuss a concept note proposing the introduction of risk-based categories for GST registration, sources told Moneycontrol. The initiative aims to streamline the registration process for “trusted businesses” while imposing stricter compliance measures for high-risk entities.
According to a source within the GST Council, the meeting will likely focus on creating registration categories based on risk profiles, allowing input tax credit (ITC) benefits to be granted accordingly. The proposal seeks to assess businesses’ risk levels primarily through their ITC claims and compliance history.
