<h1>Government adopts two-tier GST (5% and 18%) from Sept 22, cuts tariffs, exempts insurance premiums, regulates online gaming</h1> The government announced a statutory overhaul of the goods and services tax, adopting a two-tier structure (5% and 18%) effective September 22, accompanied by a package of tariff reductions and exemptions aimed at reducing GST on common consumer goods and exempting premiums for individual life and health insurance. The executive framed the reforms as simplifying compliance, promoting consumption, investment and cooperative federalism. Separately, new legislation regulating online gaming was touted as a public-policy measure to distinguish gaming from gambling and protect youth. The measures reflect fiscal and regulatory changes intended to stimulate domestic demand and formalize digital activity.