https://www.taxtmi.com/news?id=54574 The GST Council announced an overhaul realigning common-use items into two principal rate bands and reducing tax incidence across many personal-use and essential goods. The reform removes GST on education materials and lifesaving medicines, exempts personal health and life insurance from GST, and substantially lowers tax on agricultural inputs and equipment to relieve consumers and support farmers, effective from September 22, with the stated aim of stimulating domestic demand amid global economic pressures. en-us Thu, 04 Sep 2025 14:16:03 +0530 Thu, 04 Sep 2025 14:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54574 The GST Council announced an overhaul realigning common-use items into two principal rate bands and reducing tax incidence across many personal-use and essential goods. The reform removes GST on education materials and lifesaving medicines, exempts personal health and life insurance from GST, and substantially lowers tax on agricultural inputs and equipment to relieve consumers and support farmers, effective from September 22, with the stated aim of stimulating domestic demand amid global economic pressures. News - Thu, 04 Sep 2025 14:16:03 +0530 https://www.taxtmi.com/news?id=54574