Practice Area
Published On
September 11, 2024
Description
The 54th meeting of the GST Council was held on September 9, 2024. The Council made several recommendations regarding GST rates, clarifications on various issues, amendments to the GST Law and other measures for facilitation of trade. Further, the Council recommended the Group of Ministers (GoM) to deliberate on GST on life and health insurance services and submit the report by end of October 2024 with the existing GoM on rate rationalisation. Further, the Council also recommended the formation of a GoM to study the future of Compensation Cess.
This nota bene highlights the significant changes and recommendations from the meeting.
Hope you enjoy reading this nota bene and also looking forward to hearing from you for further deliberation.
