Tag: gst council

Average Tax Under GST Dips From 15.8 Per Cent To 11.3 Per Cent, Says FM Nirmala Sitharaman In Rajya Sabha

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New Delhi: Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax (GST) has significantly reduced over the years since its implementation. She stated that the average tax under the previous indirect tax regime was 15.8 per cent, under GST it has now come down to…

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Nirmala Sitharaman to Meet GST Council, State FMs for Pre-Budget Discussion on December 21-22 – News18

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Last Updated:November 12, 2024, 13:27 IST The meeting assumes significance as states finance ministers would present their recommendations for 2025-26 Budget to be unveiled on February 1, 2025. In the 55th GST Council meeting, the much-awaited decision on exemption or lower GST rate on health and life insurance would be taken. Union Finance Minister Nirmala…

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