Key highlights from the 56th GST Council Meeting : Consumer Relief: GST cut on essentials like UHT milk, paneer, cheese, ghee, nuts, pulses, dates & more (12%→5% / 5%→Nil). Lower GST on medicines, diagnostic kits & medical devices. Daily-use items like soaps, toothpaste, candles & sewing needles to get cheaper. Agriculture & Industry: Tractors, parts, pumps & irrigation equipment – GST reduced to 5% (from 12–18%). Bio-pesticides, micronutrients, sulphuric & nitric acid cut to 5%. Renewable energy devices – solar, wind, biogas, fuel cell vehicles now at 5%.
Services & Other Changes: Hotel rooms ≤₹7,500/day – GST slashed from 12%→5%. Job work in pharma, textiles, printing, umbrella etc. cut to 5%. Beauty & wellness services: 5% (from 18%). Individual life & health insurance: FULL exemption. #GST
Services & Other Changes: Hotel rooms ≤₹7,500/day – GST slashed from 12%→5%. Job work in pharma, textiles, printing, umbrella etc. cut to 5%. Beauty & wellness services: 5% (from 18%). Individual life & health insurance: FULL exemption. #GST
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