The Group of Ministers on GST rate rationalisation met and broadly agreed to not make any changes to the existing tax slabs. The issue of reducing GST on health and life insurance premiums is being reviewed. The GoM will make a detailed presentation on rate rationalisation proposals at the GST Council meeting in September.
Source A2ztaxcorp
Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
Latest Posts in "India"
- GST Council’s 5% Tax Retention on EVs Eases Industry Concerns Amid Competitive Pressures
- India Simplifies GST Regime to Two Main Rates, Effective September 2025
- Key Outcomes from the 56th GST Council Meeting
- India’s GST Overhaul: Winners, Losers, and Economic Impact of Tax Cuts
- India’s GST 2.0 Reform: New Two-Rate Structure, Business Impact, and Sectoral Benefits