Awaiting favourable news after a GST Council meeting is a trite routine for trade and industry. Each Council meeting seems to bring vivid yet mixed reactions from all corners. The 26th Council Meeting held on March 10 followed this same design.
The meeting keeps a status quo on the litigated issues under GST and focuses more on addressing systemic difficulties. Assessees expecting grandiose declarations on simplification of returns and change in invoice matching system were surely disappointed.