Finance Minister Nirmala Sitharaman is slated to meet her state counterparts on December 21 for the 55th GST Council meeting in Rajasthan's Jaisalmer. During the meeting, state finance ministers will present their recommendations for the 2025-26 Budget to be tabled on February 1, 2025.The Council is also likely to take up some rationalisation exercises and slash tax rates on a number of items.