This will be the third meeting of the council since the launch of the Goods and Services Tax (GST) on July 1 and the 21st since it was set up in September last year.
"The meeting will be held in Hyderabad. Union Finance Minister Arun Jaitley will be heading the meeting. The agenda will be fixed soon," the official told PTI.
"Our (Telangana) government is going to raise the issue of tax concession for government projects, besides other subjects such as concession for Beedi industry and granite," he said.
Meanwhile, out of 2.16 lakh VAT registrations in the state, as many as 1.96 lakh vendors have enrolled under the GST and the migration was smooth, the official said.
"The remaining are basically those who have the turnover below Rs 20 lakh," the official said, adding that the deadline for filing returns for the month of July has been extended up to August 25.