https://www.taxtmi.com/news?id=54538 GST has been restructured from a multipart slab system to a simplified two rate model with a separate high rate category for select luxury and tobacco items; many household and aspirational goods will see reduced tax incidence and premiums for individual life and health insurance have been exempted from GST, with the Council reporting unanimous approval and a near term prospective implementation except for specified tobacco products. en-us Thu, 04 Sep 2025 09:16:03 +0530 Thu, 04 Sep 2025 09:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54538 GST has been restructured from a multipart slab system to a simplified two rate model with a separate high rate category for select luxury and tobacco items; many household and aspirational goods will see reduced tax incidence and premiums for individual life and health insurance have been exempted from GST, with the Council reporting unanimous approval and a near term prospective implementation except for specified tobacco products. News - Thu, 04 Sep 2025 09:16:03 +0530 https://www.taxtmi.com/news?id=54538