During the 55 th meeting of the GST Council held on 21 st December 2024 in Jaisalmer, the Convener of the Group of Ministers ...

Finance Minister Nirmala Sitharaman announces the GST Council will soon decide on reducing GST rates and slabs, aiming for ...

In the 55th GST Council meeting held on December 21, 2024, in Jaisalmer, the Group of Ministers (GoM) on Life and Health Insurance requested additional time to finalize their reco ...

The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance ...

The GoM had also suggested lowering the GST rate on all individual health insurance policies to 5%, without the option of ITC ...

Finance Secretary Tuhin Kanta Pandey emphasized the need for GST rate rationalization after gaining implementation experience ...

Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be passed on to the consumers, negating the intended benefit of exemption ...

GST Council sets up GoM to suggest changes in GST rates, aiming to reduce slabs for better tax rationalization.

Finance Secretary Tuhin Kanta Pandey emphasizes the need for GST rate rationalization, highlighting the importance of ...