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India slashes GST rates and exempts health insurance to ease financial burdens on citizens.
India's GST Council has approved significant reforms, reducing tax rates and simplifying compliance.
Health and life insurance will now be tax-free, and GST rates on essential items, medical goods, and daily household items have been slashed.
The reforms aim to ease financial burdens on citizens, particularly farmers, MSMEs, the middle class, women, and youth, and are set to take effect from September 22.
The changes are part of a broader effort to promote ease of living and doing business in India.
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India reduce las tasas de GST y exime el seguro de salud para aliviar la carga financiera de los ciudadanos.