https://www.taxtmi.com/news?id=54548 Tamil Nadu welcomed GST rate rationalisation including exemptions for individual life and health insurance but expressed revenue protection concerns, proposing either constitutional continuation of the compensation cess or limiting any bound rate increase to sin and luxury goods via GST Act amendment. The State urged implementation in full of the Committee of Officers' IGST settlement report by December 2025, supported automated provisional refunds, correction of inverted duties, and simplified registration for small and low risk businesses, and asked the GST Council to examine its suggestions on a limited extension of the compensation cess levy on sin goods. en-us Thu, 04 Sep 2025 10:31:03 +0530 Thu, 04 Sep 2025 10:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54548 Tamil Nadu welcomed GST rate rationalisation including exemptions for individual life and health insurance but expressed revenue protection concerns, proposing either constitutional continuation of the compensation cess or limiting any bound rate increase to sin and luxury goods via GST Act amendment. The State urged implementation in full of the Committee of Officers' IGST settlement report by December 2025, supported automated provisional refunds, correction of inverted duties, and simplified registration for small and low risk businesses, and asked the GST Council to examine its suggestions on a limited extension of the compensation cess levy on sin goods. News - Thu, 04 Sep 2025 10:31:03 +0530 https://www.taxtmi.com/news?id=54548