https://www.taxtmi.com/news?id=53134 GST rate rationalisation proposes compressing slab structure into two primary rates with reclassification of most items to lower tiers, a special high-rate levy on limited sin items, and an exemption proposal for individual health and life insurance. The measures seek simplified administration, consumer and MSME relief, and require mechanisms to ensure exemption benefits reach intended recipients while addressing projected revenue impacts and implementation safeguards. en-us Thu, 21 Aug 2025 10:46:03 +0530 Thu, 21 Aug 2025 10:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53134 GST rate rationalisation proposes compressing slab structure into two primary rates with reclassification of most items to lower tiers, a special high-rate levy on limited sin items, and an exemption proposal for individual health and life insurance. The measures seek simplified administration, consumer and MSME relief, and require mechanisms to ensure exemption benefits reach intended recipients while addressing projected revenue impacts and implementation safeguards. News - Thu, 21 Aug 2025 10:46:03 +0530 https://www.taxtmi.com/news?id=53134