New Delhi: Aiming to herald one of the biggest reforms in the country, the 56th GST Council meeting is all set to discuss the two-slab tax structure proposed by the Centre’s to reduce GST rates on over 150 items as part of a comprehensive rate revision. The two-day meeting, starting Wednesday, is chaired by Finance…
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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…
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…
