Prime Minister Narendra Modi said that the NDA government have provided a new model of good governance in the country and urged the BJP workers to ensure that the benefits of the new GST reforms reach the common citizens.
"From September 22, GST on life and health insurance premiums will be reduced to nil. The 56th GST Council meeting scrapped the 18% tax on policies, making insurance more affordable and boosting coverage across India."
India's GST Council has revised tax slabs, reducing them to just 5% and 18%. Essentials like shampoo, dairy, baby products, and electronics will get cheaper from September 22, 2025. Check the full list of items that will become cheaper or costlier.
In a landmark move under Prime Minister Narendra Modi’s economic reforms, India is considering significant tax cuts on small cars and insurance premiums as part of a broader overhaul of the Goods and Services Tax (GST) structure, according to a senior government official.
"Finance Ministry proposes two-slab GST with major tax cuts by Diwali, following PM Modi’s pledge of relief for common man and small businesses."
Assam CM Himanta Biswa Sarma defended the GST in response to Congress leader Rahul Gandhi’s repeated criticism of the GST regime, particularly his description of it as “Gabbar Singh Tax”.
The Central GST collection stood at Rs 33,821 crore, State GST at Rs 41,864 crore, Integrated IGST at Rs 99,111 crore and cess at Rs 12,550 crore during the month.
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