GST Council To Hold 55th Meeting On December 21 In Jaisalmer
Finance Minister Nirmala Sitharaman is slated to meet her state counterparts on December 21 for the 55th GST Council meeting in Rajasthan’s Jaisalmer.
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Finance Minister Nirmala Sitharaman is slated to meet her state counterparts on December 21 for the 55th GST Council meeting in Rajasthan’s Jaisalmer.
The GST Council is expected to discuss potential tax relief on select insurance plans at its upcoming meeting in Rajasthan on December 21–22, according to a report by The Times of India. The Council may consider eliminating the 18 per cent goods and services tax (GST) on term insurance plans and health insurance policies, particularly for senior citizens and coverage plans up to Rs 5 lakh
55th GST Council meeting: Union Finance Minister Nirmala Sitharaman is scheduled to meet with state finance ministers on December 21 and 22 for pre-budget discussions and the 55th GST Council meeting. The two-day summit will be held in Rajasthan, most likely in Jaisalmer or Jodhpur, according to the official. The gathering will discuss numerous critical topics before to the 2025-26 Budget release on February 1, 2025.
As the government gears up for the 55th GST Council meeting, likely to take place in November 2024, the council’s nominated Group of Ministers (GoM) has begun holding meetings. The GoM on “boosting the real estate sector under GST,” headed by Pramod Sawant, Chief Minister of Goa, is scheduled to meet on September 24.
The six-member Group of Ministers (GoM), chaired by Bihar Deputy Chief Minister Samrat Choudhary, will convene in Goa on Tuesday and Wednesday to discuss tax rates for over 100 products, including fertilisers, handloom goods, and textiles, according to sources.