Health and life insurance exempted from GST as council approves major tax overhaul

The upcoming GST reform is likely to revamp the four-tier GST structure (5%, 12%, 18%, and 28%), streamlining it into two main slabs. Taxes paid by citizens will be drastically reduced, and it will benefit small industries as well as MSMEs, along with daily-use products.

GST overhaul by Diwali: What taxes will come down, what remains unchanged — Details inside

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Health and life insurance exempted from GST as council approves major tax overhaul

GST overhaul by Diwali: What taxes will come down, what remains unchanged