New Delhi, Oct. 5 -- The GST Council is likely to consider a proposal to protect genuine buyers from losing input tax credit due to tax defaults by suppliers at its meeting on October 7, while also examining a wider ambit of credit eligibility for several business expenses, sources told ANI.

The proposal is aimed at ensuring that buyers who have undertaken genuine transactions and paid suppliers, including the applicable tax, are not penalised for a supplier's failure to deposit the tax with the government.

Under the proposed framework, recovery would instead be directed towards the defaulting supplier.

The changes are expected to be considered at the 57th meeting of the Goods and Services Tax (GST) Council, and would be subject to the...