The Economic Times

GST panel may consider allowing transfer of unused tax credit within corporate groups

A key GST panel will consider industry suggestions for transferring unutilised input tax credit. Exempting intra-group corporate guarantees from tax levies is also under review. These recommendations will then go before the GST Council for its next meeting. Industry seeks efficient credit utilisation and improved corporate cash flow management. The proposed changes aim to boost ease of doing business and reduce compliance costs.