GST Council meeting will be held in Jaisalmer on December 21, decision on insurance tax will be taken…

.GST Council meeting will be held in Jaisalmer on December 21, decision will be taken on insurance tax. Goods and Services Tax (GST) Council meeting will be held in Jaisalmer on December 21, in which decision will be taken regarding exemption or lower rate from GST on health and life insurance. Could. The council headed by Union Finance Minister Nirmala Sitharaman and consisting of her state counterparts can also take some decisions on harmonizing the rates. GST Council meeting will be held in Jaisalmer on December 21, decision will be taken on insurance tax.

The date of GST Council Meet has been revealed. GST Council itself has given this information by tweeting. According to the tweet, the 55th meeting of the GST Council will be held in Jaisalmer. In this meeting, a decision will be taken on the tax to be imposed on health and life insurance. There was a lot of discussion on this in the last meeting. Which was left for the next meeting. Let us also tell you what kind of decisions can be taken in the GST Council meeting. The meeting will be held on December 21. The Goods and Services Tax (GST) Council meeting will be held in Jaisalmer on December 21, in which GST on health and life insurance. A decision can be taken regarding exemption or lower rate.

The council, headed by Union Finance Minister Nirmala Sitharaman and consisting of their state counterparts, can also take some decisions on harmonizing the rates. According to the recommendations of a committee of state ministers, tax rates on many items of common use can be reduced from 12 percent to five percent.

GST on Insurance The GST Council posted on Twitter that the 55th meeting of the GST Council will be held on December 21, 2024 in Jaisalmer, Rajasthan. In its last meeting on September 9, the council had asked the GOM to submit a report on imposing GST on insurance. The report was to be finalized by the end of October. Last month, a Group of Ministers (GoM) meeting was held regarding the imposition of GST on health and life insurance products.

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