- 54th GST Council meeting chaired by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi
- Recommendations made for changes in GST tax rates, relief to individuals, trade facilitation, and compliance streamlining
- Changes in GST tax rates for goods such as namkeens, cancer drugs, metal scrap, air conditioning machines, and car seats
- Introduction of Reverse Charge Mechanism for metal scrap supply by unregistered person to registered person
- Group of Ministers (GoM) to look into GST issues on life and health insurance and submit report by end of October 20
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- Key Changes in RBI’s FEMA Export and Import Regulations, 2026: Integrated Rules and Reporting Updates
- Deemed Exports Under GST: Eligibility, Taxation, and Refunds for Supplies to SEZs and EOUs
- How RoDTEP and GST Together Ensure Tax-Neutral Exports for Indian Exporters
- GST on Dine-in, Takeaway, and Delivery App Orders: Rates, Compliance, and Reporting Differences
- Ensuring ITC Compliance: Mastering GSTR-2B Reconciliation and Audit Readiness for 2026
