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GST 2.0 — The common man cue can hardly be missed

Abhijit Kumar Dutta   •

The GST Council has launched a revamped indirect tax system that aims to make everyday items cheaper

Announcing the outcome of the 56th GST Council meeting, Finance Minister Nirmala Sitharaman on Wednesday evening said that all individual life insurance policies whether term life, ULIP or endowment policies and subsequent reinsurance are exempt from GST.

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