Date: December 19, 2024Category: GST Case UpdateRead Time: 4 Minutes The GST Council plans to discuss a proposal to retrospectively amend the Central Goods and Services Tax (CGST) Act during…
GST Council Meeting: Big-Ticket Rate Rationalisation Requires More Discussions
The Goods and Services Tax (GST) Council will meet in Jaisalmer on December 21, 2024, to discuss various issues. Key topics include tax relief for health and life insurance premiums.…
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…
Retailers Urge Finance Ministry and GST Council to Reject 35% Tax Proposal
Indian Sellers Collective Warns of Economic Impact Ahead of GST Council Meeting The Indian Sellers Collective, which represents trade associations and sellers nationwide, has urged the Finance Ministry and GST…
55th GST Council Meeting to Address Inverted Duty Structure (IDS) Reforms
The 55th GST Council Meeting, scheduled for 21 December 2024, in Jaisalmer, Rajasthan, is expected to focus on resolving critical tax issues, especially those related to the inverted duty structure…
🟥 GST Council to Convene in Jaisalmer on December 21
The 55th GST Council Meeting, led by Union Finance Minister Nirmala Sitharaman, will take place on December 21, 2024, in Jaisalmer, Rajasthan. Key discussions will focus on tax reforms for…
🏥 GST Exemption on Health & Life Insurance Needs Input Tax Credit for Policyholders’ Benefit
The Group of Ministers (GoM) has proposed exempting health and term life insurance from GST, currently taxed at 18%. This recommendation, if approved, could significantly impact policyholders and the insurance…
55th GST Council Meeting Scheduled for December 21 in Jaisalmer
Date: November 16, 2024Category: GST News Meeting Highlights Key Details: Chairperson: Finance Minister Nirmala Sitharaman Date & Location: December 21, Jaisalmer Reason for Delay: Postponed from November due to assembly…
MoS Finance Likely to Lead GoM on GST Compensation Cess
By: AdminSeptember 16, 2024Categories: GST Recent News4 Min Read The Group of Ministers (GoM), responsible for revising the GST compensation cess framework, will likely be led by Union Minister of…