55th GST Council Meeting Highlights: Tax Updates, Deferrals, and Industry Reactions
The 55th GST Council Meeting, chaired by Finance Minister Nirmala Sitharaman in Jaisalmer, Rajasthan, introduced notable changes to India’s taxation system while deferring decisions on certain critical issues. The meeting covered topics ranging from popcorn taxes to insurance GST restructuring. Here’s a detailed overview of the key highlights, tax rate changes, and implications for various…