Date: December 21, 2024Category: 55th GST CouncilRead Time: 4 Minutes The Group of Ministers (GoM) on Insurance, part of the deliberations at the 55th GST Council meeting, has announced plans…
GST Council Meeting: GoM Proposes Reducing GST Rate to 5% for Health Insurance Services
The 55th GST Council meeting will review the current GST structure on life and medical insurance. The Group of Ministers (GoM) on Health Insurance shared its recommendations on December 16,…
Updates on the 55th GST Council Meeting
Key Agenda Points 1️⃣ Closure of GoM on Revenue Analysis The GST Council will decide whether to close the Group of Ministers (GoM), which was set up in 2019 to…
States Divided Over GST Rate Rationalisation Amid Economic Concerns
The proposed Goods and Services Tax (GST) rate rationalisation by the Group of Ministers (GoM) has sparked mixed reactions from states, highlighting concerns over economic timing and potential impacts. Key…