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The 54th GST Council: Major Announcements On Key Reforms In Tax, Health Insurance, And More

#nirmalasitharaman #gstcouncilmeeting #gst #54gstcouncilmeeting #taxrefunds The 54th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is currently underway in New Delhi, with key discussions focused on various fiscal proposals. According to Sources, Among the major topics being debated are the Rs 1.37 lakh crore compensation cess shortfall, a possible GST rate cut on metal scrap, and tax relief for foreign entities. Additionally, a decision on the taxation of online gaming liabilities has been deferred, while suggestions have been made to hike GST on car seats from 18% to 28%. The Council is also examining proposals to lower GST on health insurance premiums from 18% to 5%, with potential revenue losses estimated between Rs 645 crores and Rs 3,495 crores. #GSTCouncil #GSTMeeting #FiscalProposals #GSTUpdates #CompensationCess #GSTRateCuts #TaxRelief #IndiaEconomy ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook:   / businesstoday   twitter:   / business_today   Instagram:   / business_today