The 57th meeting, set for 12 September, was moved because of the BRICS summit in New Delhi. Its agenda is expected to centre on business compliance rather than tax rates.
What this means for youNothing about the GST you pay changes this month because of the Council. If you have been holding off a purchase hoping for a GST cut before Diwali, there is no decision to wait for until at least 7 October, and the expected agenda is about business compliance rather than rates. If you run a small business, watch the outcome for changes to registration and input tax credit.
The framework to compensate victims of small digital frauds is being reported as already in force. RBI finalised it in June, but it only covers transactions from 1 January 2027.
RBI's deadline for card issuers to validate one-off international online card payments falls on 1 October 2026, so some overseas purchases may ask you to verify.
From 1 October, RBI's revised deposit directions require daily published rates and uniform pricing across branches. The rates themselves do not change.
The non-audit deadline for self-employed professionals and anyone on the presumptive scheme is 31 August. After that it is a belated return with a fee.
Under revised RBI directions, unpaid fees, penalties and taxes can no longer be compounded into your finance charges. It reduces the cost of carrying a balance.
We only cite primary documents: RBI circulars, Finance Ministry and CBDT notifications, IRDAI directions and exchange filings. Read our editorial code. This is financial education, not personalised advice.
