https://www.taxtmi.com/news?id=54524 Recommendations adopt a simplified GST rate framework with targeted reductions and nil rates across food, health, agriculture, textiles, renewable energy, transport and consumer items; exempt all individual life and health insurance and their reinsurance; operationalise GSTAT for appeals and advance rulings; phase implementation of rate changes with exceptions for specified tobacco products pending discharge of compensation cess liabilities; extend 90% risk based provisional refunds to inverted duty refund claims pending statutory amendment; and introduce simplified registration schemes, place of supply and post sale discount amendments, valuation changes and other trade facilitation measures to be enacted by notifications and law amendments. en-us Wed, 03 Sep 2025 23:32:57 +0530 Thu, 04 Sep 2025 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54524 Recommendations adopt a simplified GST rate framework with targeted reductions and nil rates across food, health, agriculture, textiles, renewable energy, transport and consumer items; exempt all individual life and health insurance and their reinsurance; operationalise GSTAT for appeals and advance rulings; phase implementation of rate changes with exceptions for specified tobacco products pending discharge of compensation cess liabilities; extend 90% risk based provisional refunds to inverted duty refund claims pending statutory amendment; and introduce simplified registration schemes, place of supply and post sale discount amendments, valuation changes and other trade facilitation measures to be enacted by notifications and law amendments. News - Wed, 03 Sep 2025 23:32:57 +0530 https://www.taxtmi.com/news?id=54524