Nirmala Sitharaman to meet State FMs for pre-Budget, GST Council meet on Dec 21-22
The Hindu
State Finance Ministers to present 2025-26 Budget recommendations at 55th GST Council meeting in Rajasthan.
Union Finance Minister Nirmala Sitharaman is likely to meet her State counterparts on December 21-22 for pre-budget consultations and meeting of the GST Council, an official said.
The meeting assumes significance as State Finance Ministers will present their recommendations for the 2025-26 Budget to be unveiled on February 1, 2025.
Also Read: What is cheaper and costlier after the latest GST Council meeting?
The 55th GST Council meeting would be held during one of these two days in which the much-awaited decision on exemption or lower GST rate on health and life insurance would be taken.
The Council may also take up some rationalisation exercise and reduce tax rates on a host of common items from 12% to 5% as per the recommendations of a panel of State Ministers.
Also Read: No friction between Centre-States on GST; federal structure should be respected: Nirmala Sitharaman
“The two-day meeting is slated to take place in Rajasthan, either in Jaisalmer or Jodhpur,” the official added.
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