GST Council's 3-4 Sep meet to discuss reforms

A two-day meeting of the Goods and Services Tax Council will be held on September 3-4 in New Delhi to discuss the three-pillar GST reforms proposed by the centre, including rationalisation of tax rates by eliminating 12% and 28% slabs while retaining the other two -- 5% and 18%, people in the know said.

- Rajeev Jayaswal

The secretariat of the council on Friday notified the dates of the meeting that will follow the officers’ meeting on September 2. Officers will prepare backgrounds and details for the twoday GST Council deliberations, including the proposed three-pillar reforms. The other two pillars of the GST 2.0 are structural reforms and ease of living.

Although the GST secretariat is yet to make the meetings’ agenda public, the council is also expected to discuss matters related to the compensation cess, which, according to the law, will cease to exist after March 31, 2026. The council's agenda may also include exemption of GST on individuals’ health and life insurance premiums, which is currently 18%.