Recommendations of the 55th GST Council Meeting

The 55th meeting of the Goods and Services Tax (GST) Council was held on 21st December 2024 in Jaisalmer, Rajasthan. From reducing the GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the GST Council made several recommendations to refine the GST rate on goods and services.

Please find enclosed the key highlights along with our analysis on the various recommendations made by the 55th GST Council Meeting.