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Two-Rate GST Structure to Begin from September 22 Why in the News ? The GST Council, in its 56th meeting, approved a two-rate GST structure of 5% and 18%, along with a special 40% slab for sin and luxury goods. This significant policy reform, effective from September 22, 2025, aims to simplify taxation and reduce …
Read MoreSYLLABUS: GS 2: Government policies and interventions for development in various sectors and issues arising out of their design and implementation. Focus: Talks of reintroduction of inheritance tax as a part of political conversation in the present Lok Sabha election cycle is catching up. Understanding Inheritance Tax Nature of Tax: Inheritance tax is imposed on …
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