Union Finance Minister Nirmala Sitharaman on Wednesday announced a major policy shift: individual life and health insurance policies will now be fully exempt from Goods and Services Tax (GST). Termed ...

India has cut GST rates on hundreds of consumer items,—ranging from soaps to small cars—to spur demand in the world's fourth largest economy in the face of punishing US tariffs. Union finance minister ...

GST rate cut: India's central government-led GST Council, after its 56th Meeting on 3 September 2025, announced that the nation's future move to move on to a ‘two-tier’ tax system. Under this ...

The reforms aim to create a more system-oriented GST administration and lessen taxpayers’ interactions with tax officials ...

The comprehensive overhaul of the rate structure of the goods and services tax (GST) under the Next Gen reforms is seen to have significantly lowered the tax liability on households, which is expected ...

In a major reform, the GST Council on Wednesday approved a simplified two-tier tax structure with rates of 5% and 18%, set to take effect from September 22. The decision was reached during the ...

GST process reforms will start from April 2027, with businesses and states expected to need about a year to adjust to the ...

The GST Council has overhauled India’s tax slabs. Essential food items and beverages will see cuts, while soft drinks, caffeinated drinks, and sugary products face hikes to 40%. Changes take effect ...

The Goods and Services Tax (GST) Council will convene its 56th meeting in New Delhi on 3–4 September 2025, a session that will mark the most significant overhaul of GST since its introduction in 2017.