GST revamp: Life & health cover, white goods, most cars to get cheaper
Wednesday, 3 September 2025 ()
The GST Council has approved a major overhaul of the indirect tax system, introducing a simplified two-rate structure of 5% and 18%, along with a 40% slab for select goods. Effective September 22nd, these changes aim to reduce tax burdens on common goods, eliminate classification disputes, and boost consumption.
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