The 55th GST Council Meeting will be held today (December 21, 2024) in Jaisalmer, Rajasthan.
The 55th GST Council Meeting is anticipated to have a bucket list of decisions on various key topics such as life and health insurance, luxury goods, tax treatment of gift vouchers, Floor Space Index (FSI) charges, aviation turbine fuel (ATF), etc.
LIVE UPDATES
🛑 Safari Retreats judgment; GST Council Recommends Retrospective Amendment to GST Act
— jurishour (@jurishour) December 21, 2024
✅ The GST Council has proposed amending the GST Act retrospectively to address the implications of the Supreme Court's landmark judgment in the Safari Retreats case. In this judgment, the…
55th GST Council Meeting: No GST on used/second hand EV vehicles when sold by individuals. But 18% GST on margin earned when used/second hand EV vehicles purchased from Companies or used car dealers#GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate…
— jurishour (@jurishour) December 21, 2024
55th GST Council Meeting: Caramalised Popcorn to be treated different from Salted Popcorn for the purpose of GST#GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate #financeministry #GSTCouncilMeet
— jurishour (@jurishour) December 21, 2024
55th GST Council Meeting: GoM to have more time to give input on Rate Rationalisation#GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate #financeministry #GSTCouncilMeet
— jurishour (@jurishour) December 21, 2024
55th GST Council Meeting: GoM to have more time to give input on Health Insurance as Insurance Regulator Inputs is awaited.#GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate #financeministry #GSTCouncilMeet
— jurishour (@jurishour) December 21, 2024
55th GST Council Meeting: ATF not brought under GST brackets#GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate #financeministry #GSTCouncilMeet
— jurishour (@jurishour) December 21, 2024
55th GST Council Meeting: No GST on penal charges levied and collected by banks for non-compliance of loan terms.#GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate #financeministry #gstcouncilmeet
— jurishour (@jurishour) December 21, 2024
55th GST Council Meeting: Payment Aggregators who do less than Rs. 2k payment are eligible for GST exemption. However, GST exemption is not applicable on payment gateways and other fintech services.#GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate…
— jurishour (@jurishour) December 21, 2024
55th GST Council Meeting: Amends the definition of 'pre-packaged' and 'labelled' items to cover all commodities that are intended for retail sales and cotaining not more than 25Kgs/25L, which are pre-packed or label affixed thereto to bear the declarations under Legal Metrology…
— jurishour (@jurishour) December 21, 2024
55th GST Council Meeting: GST exemption on Black Pepper (fresh/dried) and resins when supplied by the #agriculturists
— jurishour (@jurishour) December 21, 2024
#GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate #financeministry #gstcouncilmeet
55th GST Council Meeting: ACC Blocks containing MORE THAN 50% fly ash fall und HS code of 6815 and attract 12% GST#GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate #financeministry #gstcouncilmeet
— jurishour (@jurishour) December 21, 2024
55th GST Council Meeting: 5% GST on food used in food preparations used for Public Distribution#GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate #financeministry #gstcouncilmeet
— jurishour (@jurishour) December 21, 2024
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55th GST Council Meeting: Reduction in Compensation Cess to 0.1% on Supplies to merchant exporters at par with the GST rate on such supplies. #GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate #financeministry #gstcouncilmeet #NirmalaSitharaman #55thGSTcouncil…
— jurishour (@jurishour) December 21, 2024
55th GST Council Meeting: IGST Exemption Extended on LR-SAM or MR-SAM, is an Indian-Israeli jointly developed surface-to-air missile (SAM) system, designed to defend against any type of airborne threat including aircraft, helicopters, anti-ship missiles, and UAVs as well as…
— jurishour (@jurishour) December 21, 2024
55th GST Council Meeting: GST Exemption on GENE Therapy #GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate #financeministry #gstcouncilmeet #NirmalaSitharaman #55thGSTcouncil #jurishour
— jurishour (@jurishour) December 21, 2024
55th GST Council Meeting: 5% GST on fortified rice kernels to benefit poors#GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate #financeministry #gstcouncilmeet #NirmalaSitharaman #55thGSTcouncil #jurishour
— jurishour (@jurishour) December 21, 2024
Finally The Wait Is Over
— jurishour (@jurishour) December 21, 2024
55th GST Council Meeting: FM Nirmala Sitharaman Begins To Address Press@jurishour#GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate #financeministry #gstcouncilmeet #NirmalaSitharaman #55thGSTcouncil #jurishour
55th GST Council Meeting : 6:37 PM and still struggling for Hon'ble Finance Minister's appearance to address Press.
— jurishour (@jurishour) December 21, 2024
TIME TIMINGS DEFERRED: Press Conference by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman after the 55th Meeting of the GST Council,…
55th GST Council Meeting : 6:23 PM and still struggling for Hon'ble Finance Minister's appearance to address Press.
— jurishour (@jurishour) December 21, 2024
TIME TIMINGS DEFERRED: Press Conference by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman after the 55th Meeting of the GST Council,… pic.twitter.com/NRx3MAiFkZ
People complain of LACKING #punctuality.
— jurishour (@jurishour) December 21, 2024
3rd TIME TIMINGS DEFERRED: Press Conference by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman after the 55th Meeting of the GST Council, Jaisalmer, Rajasthan Deferred From 5:00 P.M. To 6:00 P.M. and now to 6:15… pic.twitter.com/QP9p94ZoU3
55th GST Council Meeting Outcome: FM Nirmala Sitharaman Conference LIVE streaming Linkhttps://t.co/Bi5rDGecqm @jurishour#GSTCouncil #liveupdates #agenda #gst #GST #tribunal #realestate #financeministry #gstcouncilmeet #NirmalaSitharaman #55thGSTcouncil #jurishour
— jurishour (@jurishour) December 21, 2024
TIMINGS : Press Conference by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman after the 55th Meeting of the GST Council, Jaisalmer, Rajasthan likely To Start At 5:00 P.M. Today (21 December 2024)
— jurishour (@jurishour) December 21, 2024
Stay Tuned With https://t.co/sNAFxDTJvZ for live updates… pic.twitter.com/8gnry0fryO
GST Appellate Tribunal Not Functional Till Date, 55th GST Council meet Likely to consider issue
— jurishour (@jurishour) December 21, 2024
The Supreme Court has issued the notice to Union Of India as the GST Appellate Tribunal (GSTAT) is not functional till date.
Read More : https://t.co/FnhUq2cWuf@jurishour…
55th GST Council May Ponder Over Safari Retreat Judgement By Hon'ble Supreme Court, May Bring Setback To Real Estate Developers
— jurishour (@jurishour) December 21, 2024
The Supreme Court has pronounced the verdict in the landmark case of Chief Commissioner Of Central Goods And Service Tax And Ors. Versus M/S Safari…
55th GST Council meet: Aviation Turbine Likely To Be Brought Into GST Brackets
— jurishour (@jurishour) December 21, 2024
A significant topic for discussion is the potential inclusion of aviation turbine fuel (ATF) under the GST framework. If approved, this move would standardize taxation across states and enable…
55th GST Council meet: GST rate on online delivery charges
— jurishour (@jurishour) December 21, 2024
If the Council approves the recommendations made by the GST Council nominated fitment committee, the GST rate on food delivery charges while ordering food via e-commerce platforms like #Swiggy, #Zomato is most likely to…
55th GST Council meet: GST On Floor Space Index Likely To Be Reconsidered
— jurishour (@jurishour) December 21, 2024
Credai, which is an apex body of Real estate developer has strongly urged the central government to reconsider the proposition of charging 18% GST on FSI/additional FSI (floor space index) charges paid…
55th GST Council meet: GST on Old EVs, small petrol and diesel vehicles may increase upto 18%
— jurishour (@jurishour) December 21, 2024
The GST Council may also consider raising the GST on old and used electric vehicles (EVs) and smaller petrol and diesel vehicles from 12% to 18%.
Presently, larger vehicles, such as…
55th GST Council meet: All Eyes On GST Exemption On Gift Vouchers
— jurishour (@jurishour) December 21, 2024
Presently, GST is only due at the time of issuance if gift vouchers are given for specific or identifiable goods "and" for a predetermined amount. GST only applies at the moment of sale, or upon redemption, in…
55th GST Council meet: All Eyes On Health Insurance Premiums
— jurishour (@jurishour) December 21, 2024
A significant agenda for the GST Council is the proposed rate cut on term health and life insurance premiums.#54thGSTCouncil recommended to constitute a Group of Ministers (GoM) to holistically look into the issues…
