Updated On: 04 September, 2025 07:53 PM IST | New Delhi | mid-day online correspondent
The landmark GST 2.0 reforms, cleared by the GST Council on Wednesday, offer significant relief, especially in the healthcare and insurance sectors. One of the biggest highlights is the complete removal of GST on individual health and life insurance, which previously attracted 18 per cent GST. These have now been moved to the zero-tax bracket
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Prime Minister Narendra Modi. Pic/X
Prime Minister (PM) Narendra Modi on Thursday described the upcoming goods and services tax (GST) reforms as a major leap towards making India self-reliant, terming them the “next-generation” of changes needed to strengthen the economy and simplify compliance for citizens, news agency ANI reported. He called the reforms a “double dhamaka of happiness” ahead of Diwali and Chhath Puja.
Announcing the date of implementation, PM Modi said the simplified GST regime will come into effect from September 22, which marks the first day of Navratri.
Reiterating what he said during his Independence Day speech, PM Modi stated, “Without timely changes, we cannot give our country its rightful place in today’s global situation. I had said from the Red Fort on 15 August this time that it is crucial to undertake next-generation reforms to make India self-reliant. I had also promised the countrymen that there would be a double dhamaka of happiness before this Diwali and Chhath Puja...”