The 55th GST Council Meeting will be held on December 21, 2024 in Jaisalmer, Rajasthan.
55th GST Council Meeting
Finance Minister Nirmala Sitharaman is slated to meet her state counterparts on December 21 for the 55th GST Council meeting in Rajasthan’s Jaisalmer. The Council was initially scheduled to meet in November.
The delay is due to the Assembly elections in Maharashtra and Jharkhand, and then the Winter Session of Parliament.
During the meeting, state finance ministers will present their recommendations for the 2025-26 Budget to be tabled on February 1, 2025.
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The Council is also likely to take up some rationalisation exercises and slash tax rates on a number of common items from 12 per cent to 5 per cent as per the recommendations of a panel of state ministers.
The rate rationalisation aims to raise taxes on luxury and sin goods and provide relief on essential items.
The Group of Ministers on rate rationalisation, also headed by Choudhary, has Kerala Finance Minister KN Balagopal, Uttar Pradesh Finance Minister Suresh Kumar Khanna, Karnataka Revenue Minister Krishna Byre Gowda, West Bengal Finance Minister Chandrima Bhattacharya and Rajasthan Medical and Health Services Minister Gajendra Singh as members.
