GST Council to Discuss Rate Rationalisation and Overseas Operations Notices in September 9 Meeting

• GST Council to meet on September 9
• Discussions likely to focus on rate rationalisation, correction of inverted duty structure, and tax rate on insurance premium
• Officers from states and Centre to meet on September 8 before the Council meeting
• Notices being sent to companies for their overseas operations to be discussed
• Previous meeting in June saw tweaks in tax rates and steps to ease compliance for taxpayers
• Group of Ministers (GoM) on rate rationalisation to give presentation at next meeting
• Concerns about revenue neutrality and potential revenue losses for states and Centre in discussions about merging or creating new tax slabs

Source: a2ztaxcorp.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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