Starting September 22, GST rates on 400 items will be reduced in a major reform. Finance Minister Nirmala Sitharaman says this will lower household expenses, boost spending, and benefit all families. Insurance premiums will be tax-free, and compliance will be easier
The Congress on Thursday termed the GST overhaul “GST 1.5” and said the wait for a “true GST 2.0” continues. Party leaders Kharge, Chidambaram, and Ramesh demanded five more years of compensation for States, simplification of compliance, and relief for MSMEs