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GST Council May Overhaul Rates in Aug Meet
The Morning Standard
|July 17, 2025
Rate rationalisation, GST on life & health insurance, restructuring compensation cess among issues likely to be taken up
WITH the GST Council meeting likely to be held in August, nearly eight months after the last one held in December 2024, the expectation is that the Council may take a decision on rate rationalisation.
Finance ministry sources have said the time of minor tweaking is over, and the indirect tax regime of the country needs structural reforms both at rates as well as the process levels.
This story is from the July 17, 2025 edition of The Morning Standard.
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