Goods and Service Tax (GST) Council, during its 54th meeting held on Monday, notified several key decisions that received a positive response from industry leaders
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The Council offers relief to foreign airlines by exempting them from GST on the import of services, a decision expected to ease operational costs for international carriers flying into India
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The 54th GST Council meeting in New Delhi looks into significant revisions to GST rates on health insurance, while there is strong opposition to proposed GST on research funding and online payments
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Key discussions will include prospective GST cuts on health and life insurance premiums, revisions to online gaming taxes and steps to prevent fake GST registrations
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The meeting will aim to discuss the pending issues of the last meeting. The council is expected to discuss rate rationalisation and compliance, among others
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While the committee finalises its recommendations for various sectors, including utensils, tractors, agricultural implements, fertilisers, and consumer goods, some clarity on the refund process is anticipated
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