During the meeting, state finance ministers will present their recommendations for the 2025-26 Budget to be tabled on February 1, 2025. The GST Council is also likely to take up some rationalisation exercises and slash tax rates on a number …
GoM reached a consensus on the need to provide relief to the common man. If tax rates on essential goods are reduced, alternative measures will be explored to make up for the lost revenue. The Group of Ministers (GoM) on …
The decision to form the GoM was partly influenced by demands from opposition-ruled states, such as West Bengal, which advocated for a complete exemption of GST on life and health insurance premiums. Several other states suggested lowering the GST rate …
With critical sectors like insurance, petroleum, and online gaming under scrutiny, this GST council meeting could set the course for the future of India’s indirect tax system. The 54th GST Council Meeting is set to take place on September 9, …
The Council, in its 54th meeting scheduled for September 9, will discuss the GoM’s findings and the next steps in GST slab/rate rationalization efforts. GST Slab & Rate Change: The Group of Ministers (GoM) meeting on Goods and Services Tax …
The proposals to reduce or eliminate the 18% GST rate on health insurance premiums likely to be considered in the upcoming meeting. The 54th GST Council meeting is expected to be convened in Delhi on September 9 to address key …