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GST 2.0: Two Slabs, Rate Cuts for Key Consumer Items, life & health insurance premium at 0%

The PM had announced a 'Diwali gift' for the economy on August 15 with redone GST rates. 99% of items previously taxed at 12% will shift to the 5% slab, while 90% of those in the 28% category will move to 18%

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