GST implementation: Council consults key sectors on rollout hurdles while markets react to infrastructure data.
GST Council consultations constituted the principal regulatory development: a two-day Council meeting convened representatives from six critical sectors - including information technology, telecommunications, banking and insurance - to identify and assess implementation hurdles under the new Goods and Services Tax regime and address sector-specific operational issues affecting rollout and compliance readiness.

Taxation of offshore sales challenged as states seek jurisdictional rights and expanded compensation funding under GST reform.
Coastal states urged recognition of their offshore zone as part of state territory for taxing sales on vessels, challenging a draft Integrated GST that would allocate such taxation to the Centre; this dispute and demands to expand a compensation cess to fund greater state revenue shortfalls led to seeking a legal opinion on the Constitutional validity of state jurisdiction and delayed finalisation of IGST and rollout timing.