India’s Goods and Services Tax has finally undergone the kind of overhaul that touches every citizen’s wallet. The government’s latest reform order, unveiled as a Diwali gift, slashes rates across a wide span of categories — from soaps and shampoos to tractors and three-wheelers. Essentials

The Indian government is considering a cut in the Goods and Services Tax (GST) on health and term insurance premiums, potentially reducing it from the current 18% to 5% or even zero. This move is part of a broader GST restructuring—dubbed “GST 2.0”—aimed at simplifying tax slabs and easing the tax burden on citizens and […]