GST Council Meets: Major Reforms Ahead!
A crucial two-day Goods and Services Council meeting is set for September 3-4 in New Delhi to discuss significant GST reforms proposed by the government. Key topics include rationalizing tax rates by eliminating 12% and 28% slabs while keeping 5% and 18%. This could ease financial burdens, especially for the middle class and small businesses, just in time for Diwali. Additionally, discussions may involve exempting GST on health and life insurance premiums. These reforms aim to enhance financial relief and improve the ease of living for citizens across India.
