- 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.
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