https://www.taxtmi.com/news?id=54543 The GST Council approved rationalizing the tax framework by consolidating slabs to 5 per cent and 18 per cent, reallocating goods and services to lower tax burdens on common consumer items and reducing or eliminating tax on personal health and life insurance, thereby simplifying rates and altering tax incidence with likely consumption and market effects. en-us Thu, 04 Sep 2025 10:01:03 +0530 Thu, 04 Sep 2025 10:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54543 The GST Council approved rationalizing the tax framework by consolidating slabs to 5 per cent and 18 per cent, reallocating goods and services to lower tax burdens on common consumer items and reducing or eliminating tax on personal health and life insurance, thereby simplifying rates and altering tax incidence with likely consumption and market effects. News - Thu, 04 Sep 2025 10:01:03 +0530 https://www.taxtmi.com/news?id=54543