Economy, Banking and Finance · 16 October 2026
Karnataka, Maharashtra, Uttar Pradesh, Gujarat and Tamil Nadu Named Permanent Members of New GST Standing Committee
Exam-focused facts from the 16 October 2026 current affairs briefing.
Key facts
- Karnataka, Maharashtra, Uttar Pradesh, Gujarat and Tamil Nadu will be permanent members of the new GST Standing Committee.
- The GST Standing Committee will have officials from 12 states: five large, four medium and three small, with the remaining seats filled rotationally every two years.
- India currently has 1.7 crore registered GST taxpayers, and the Centre has asked states to widen the tax base with data analytics and GSTN technology support.
- States may be asked to implement B2C e-invoicing from April 1, with GSTN launching a B2C app on its portal where customers can raise invoices and businesses given incentives rather than mandates.