https://www.taxtmi.com/news?id=54593 The document reports a structural revision of the goods and services tax regime, consolidating multiple slabs into a simplified two rate framework plus a special high rate band; it exempts health and life insurance and certain educational items, exempts life saving drugs and specified medical devices, reduces rates on common consumer goods, and grants favourable GST treatment to renewable energy inputs, with operational consequences for invoicing, taxable incidence and supplier compliance under the new classification. en-us Thu, 04 Sep 2025 15:31:05 +0530 Thu, 04 Sep 2025 15:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54593 The document reports a structural revision of the goods and services tax regime, consolidating multiple slabs into a simplified two rate framework plus a special high rate band; it exempts health and life insurance and certain educational items, exempts life saving drugs and specified medical devices, reduces rates on common consumer goods, and grants favourable GST treatment to renewable energy inputs, with operational consequences for invoicing, taxable incidence and supplier compliance under the new classification. News - Thu, 04 Sep 2025 15:31:05 +0530 https://www.taxtmi.com/news?id=54593