Effective September 22, 2025, the Modi government's GST 2.0 simplifies taxation with two slabs (5% and 18%), benefiting households, businesses, and farmers. Essentials become cheaper, life insurance ...

NEW DELHI: Individual health and life insurance has been made GST free, finance minister Nirmala Sitharaman announced on Wednesday. It comes as a big relief as the rate has been brought down from 18%.

The Goods and Services Tax (GST) Council on Wednesday, 3 September, approved wide-ranging reforms designed to simplify the tax regime and reduce the burden on citizens and businesses. At its 56th ...

The much-anticipated GST 2.0 rollout officially kicked in today, reshaping the tax landscape for India's healthcare sector. For millions of households, the headline change is straightforward: common ...

New Delhi: In a major move during the 56th GST Council meeting, it was announced that all personal life insurance and health insurance policies will no longer attract GST. Previously, a GST of 18% was ...

New Delhi: The government's overhaul of the Goods and Services Tax (GST), known as GST 2.0, has officially come into effect today (September 22). This marks the second big reform since GST was ...

For years, term insurance premiums were taxed at 18% GST. Due to this, the premiums were costly, and a lot of people in India avoided term insurance plans due to the tax. However, after the GST 2.0 (w ...

To make India’s tax system simple and transparent, the government has announced historic reforms in the 56th GST Council meeting. The four tax slabs applicable till now have been reduced to only two ...