Gst council new gst rates: The GST Council inter-alia made

The GST Council inter-alia made the recommendations relating to changes in GST tax rates , provide relief to individuals, common man, aspirational middle class and measures for facilitation of trade in GST . 56th GST Council meeting addressed significant changes in Goods and Services Tax ( GST ) rates for both goods and services, alongside measures aimed at trade facilitation and relief for individuals, the common person, and the aspirational middle class. Understand the latest GST rate structure – 5%, 18% and 40%. Learn how these GST slabs apply to goods & services and their impact on your business. GST 2.0 unveiled: Two-slab structure cleared, new rates will come into effect September 22 No GST on individual health insurance policy, FM says, after marathon 56th meeting of the GST Council lasted for 10.5 hours, in which the Centre and states thrashed out key tax proposals.