Will GST Council play Santa? All eyes on Saturday's meet
Financial Express Pune|December 19, 2024
● Finance ministers of states will also make pre-Budget proposals
PRIYANSH VERMA

A GROUP OF ministers (GoM) under the GST Council, tasked with deciding the levy on health and life insurance premiums, has submitted its report to the Council, a senior official said on Wednesday. The Council is likely to take up the matter for discussion in its meeting this Saturday in Jaisalmer in Rajasthan.

Meanwhile, the finance ministers of states are slated to meet Union finance minister Nirmala Sitharaman on Friday for pre-Budget consultations.

The GST Council, in addition to the issue of insurance premiums, is expected to take up another GoM's report on rate rejig of about 150 items for discussion in the Saturday meeting. Sources say the rate rationalisation exercise – hiking rates on some items while reducing on some others – is expected to fetch the Centre and states an additional revenue of around ₹22,000 crore per annum.

This story is from the December 19, 2024 edition of Financial Express Pune.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 19, 2024 edition of Financial Express Pune.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS PUNEView All
Financial Express Pune

MRF: Crude prices, Re slide driving surge in tyre prices

RISING CRUDE OIL prices and a depreciating rupee are driving up tyre costs, according to Arun Mammen, vice chairman and managing director of MRF.

time-read
1 min  |
January 20, 2025
Financial Express Pune

Top realtors steer clear of affordable housing

LIMITED INCENTIVES FOR private players create barriers to scaling affordable projects, Signature's Aggarwal said.

time-read
1 min  |
January 20, 2025
Financial Express Pune

Trump Holds Victory Rally Ahead of Inauguration

Mukesh, wife Nita to attend the event

time-read
1 min  |
January 20, 2025
Financial Express Pune

Skilling shouldn't be on a budget

● Focus on women, migrant workers, infrastructure

time-read
2 mins  |
January 20, 2025
Financial Express Pune

India Leads in Disaster Management, Says Shah

BACKED BY RESILIENT infrastructure in the area of disaster management, India has emerged as a global leader in the sector by adopting a 'zero casualty' goal during calamities, Union home minister Amit Shah said on Sunday.

time-read
1 min  |
January 20, 2025
Financial Express Pune

Hindenburg founder faces scrutiny

NATE ANDERSON, 'ACTIVIST', short-seller who has announced shutting down of his almost eight years old research firm Hindenburg, is under cloud for alleged links with hedge funds in preparing reports targeting companies, a Canadian portal said citing documents filed before a court in Ontario.

time-read
1 min  |
January 20, 2025
Financial Express Pune

MBA Isn't At Risk; It's In Transition

Rekha Sethi, the director general of the All India Management Association (AIMA) – the apex body for management profession in India – is of the opinion that despite poor placements at business schools last year, the MBA degree isn't at risk. \"It's in transition,\" she says.

time-read
2 mins  |
January 20, 2025
Financial Express Pune

A Bigger Playing Field

The male consumer has evolved, so it's time for Smart and Handsome to flex

time-read
3 mins  |
January 20, 2025
Financial Express Pune

A big display for entertainment

A budget phone that provides a hasslefree experience

time-read
1 min  |
January 20, 2025
Financial Express Pune

Trade Partner Or Adversary?

India must think beyond China-Plus-One strategy as the world trade order is rapidly changing

time-read
2 mins  |
January 20, 2025