55th Meeting of the GST Council
On 21st December 2024, the 55th GST Council meeting was held under the Chairpersonship of Union Minister for Finance & Corporate Affairs in Jaisalmer, Rajasthan.
Key Outcomes
- Premiums on Health Insurance: GST exemption is proposed for health insurance premiums up to Rs. 5 lakh, except for senior citizens. Policies with coverage exceeding Rs. 5 lakh will continue to attract an 18% GST rate.
- Rate Rationalisation Decisions: Decisions regarding GST rate adjustments for approximately 150 items were postponed which include items like garments, packaged drinking water, bicycles priced below Rs. 10,000.
- Delaying of GST Review on Insurance Premiums: The review of GST ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Scheme for Strengthening Medical Device Industry
- 2 Regulatory Framework for Restricted Return InvITs
- 3 World’s First Co2 to Methanol Plant
- 4 Peak Oil
- 5 India’s Renewable Energy Sector Achieves Significant Growth
- 6 4th Phase of Consolidation of RRBs
- 7 RBI’s Framework for Reclassification of FPI to FDI
- 8 RBI’s 2024 List of Domestic Systemically Important Banks
- 9 Windfall Gain Tax
- 10 National Mission on Natural Farming
- 1 RBI Increases Collateral-Free Agricultural Loan Limit
- 2 Parliamentary Committee Report on Agriculture Distress
- 3 RBI Committee on FREE-AI
- 4 State Finances: A Study of Budgets of 2024-25
- 5 SEBI Widens Scope of Optional T+0 Rolling Settlement Cycle
- 6 Committee of Creditors
- 7 MuleHunter.AI: Combating the Issue of Mule Accounts
- 8 Annual Survey of Unincorporated Sector Enterprises, 2023-24
- 9 India-ADB Agreement under SMILE Program
- 10 First Report of Standing Committee on Petroleum and Natural Gas
