Indirect Tax Alert : Recommendations of the 54th GST Council Meeting
The 54th GST Council meeting was held on 9 September 2024 in New Delhi. During the meeting, the GST Council had inter alia obtained a status report from the Group of Ministers (GoM) on rate rationalisations and real estate. Further, GoM was constituted to examine various issues pertaining to life and health insurance and to study the future of GST Compensation Cess (Cess), which would submit its report by 31 October 2024.
We, at BDO in India have summarised the above update. We hope you would find it timely and useful.