55th GST Council Meeting: Reforms in inverted duty structure awaited

The 55th GST Council meeting, set for 21 December 2024 in Jaisalmer, will address GST reforms and the issue of the inverted duty structure. Industry experts emphasize the need for rate rationalization to improve transparency, streamline refunds, and alleviate liquidity concerns caused by accumulated input tax credits. The 55th Goods and Service Tax Council meeting will be held on 21 December 2024…