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GST Council May Scrap 12% Slab—These Everyday Items Could Soon Get Cheaper!

The GST Council is considering scrapping the 12% tax slab to streamline the GST structure and bring down the cost of everyday essentials like milk products, kitchen appliances, and personal care items. The proposal may also cut GST on insurance products, boosting affordability. If passed in the upcoming Council meeting, this move could significantly lower consumer expenses and simplify compliance for businesses.