https://www.taxtmi.com/news?id=54519 GST rate restructure replaces the multi-slab framework with a streamlined two-rate system for most goods and services and a separate high levy for specified luxury and sin items. The reform reallocates numerous consumer, food, personal care and electronic goods to lower standard rates, exempts individual life and health insurance, preserves preferential treatment for electric vehicles, and maintains existing rates plus compensation cess for tobacco products until compensation-related loans are repaid. en-us Wed, 03 Sep 2025 23:01:04 +0530 Wed, 03 Sep 2025 23:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54519 GST rate restructure replaces the multi-slab framework with a streamlined two-rate system for most goods and services and a separate high levy for specified luxury and sin items. The reform reallocates numerous consumer, food, personal care and electronic goods to lower standard rates, exempts individual life and health insurance, preserves preferential treatment for electric vehicles, and maintains existing rates plus compensation cess for tobacco products until compensation-related loans are repaid. News - Wed, 03 Sep 2025 23:01:04 +0530 https://www.taxtmi.com/news?id=54519