fifty fifth GST Council Meeting Scheduled for December 21 in Jaisalmer: What to Expect?

Last Updated: November 18, 2024, 17:13 IST

The fifty fifth convention of the GST Council will definitely be held on 21 December, 2024 at Jaisalmer, Rajasthan

The fifty fifth GST Council convention will definitely be carried out on December 21, 2024, at Jaisalmer,Rajasthan The GST Council, which is headed by Union Finance Minister Nirmala Sitharaman and makes up reps of all states and UTs, is the height decision-making physique for oblique tax obligations in India.

“The 55th conference of the GST Council will be hung on 21 December, 2024 at Jaisalmer, Rajasthan,” the GST Council mentioned in a submit on X on Monday.

In the assembly, the GST Council is more likely to talk about the GoM’s determination to exempt medical insurance premiums as much as Rs 5 lakh protection and time period life insurance coverage premiums. The GoM additionally proposed to chop tax charges on 20-litre packaged ingesting water bottles, bicycles and train notebooks to five per cent, other than suggesting the next 28 per cent tax on high-end wristwatches and footwear.

Last month, the group of ministers, headed by Bihar Deputy Chief Minister Samrat Chaudhary, proposed to cut back charges on a number of gadgets and hike on many, and the general rejig is anticipated to yield a income surplus of Rs 22,000 crore.

News enterprise » tax fifty fifth GST Council Meeting Scheduled for December 21 in Jaisalmer: What to Expect?