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GST Council clears major tax reform: a simpler structure & a new 40% slab for luxury & sin goods. 💵

THESE products will attract 40% rates - check full list 👇
https://www.livemint.com/news/india/gst-reforms-these-products-will-attract-40-rates-check-full-list-11756919967157.html
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#MintMarkets | 📈 Markets open strong! Sensex jumps 888.96 points to 81,456.67, while Nifty rises 265.70 points to 24,980.75.

https://www.livemint.com/market
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🚨 GST 2.0 is here!
India’s GST Council, led by FM Nirmala Sitharaman, has rolled out a simplified 2-tier tax structure (5% & 18%) effective Sept 22. Rates drop on 175 essentials, while a 40% slab targets luxury & sin goods . PM Modi calls it a Diwali gift for citizens, farmers & MSMEs.

Watch!
https://www.youtube.com/watch?v=q7jwLM0LKYQ
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#MintMarkets | 📈 Markets open higher! Sensex surges 294 points to 81,012, while Nifty gains 84 points to trade at 24,818.

https://www.livemint.com/market
It was alleged that Ajit Pawar, Maharashtra's Deputy Chief Minister, chided an IPS officer for taking action against goons illegally excavating material used in road construction.

https://www.livemint.com/news/india/itna-daring-hua-hai-ajit-pawars-phone-call-with-ips-officer-goes-viral-ncp-reacts-illegally-excavating-soil-solanpu-11757045468670.html
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While the GST rate cut is expected to have a marginal impact on the government’s fiscal deficit, India’s CPI-based retail inflation is also estimated to come down ahead of the festive season.

Here’s how new GST rates would impact macroeconomic situations, including retail inflation and fiscal deficit 👇
https://www.livemint.com/market/stock-market-news/gst-rate-cut-impact-on-cpi-inflation-fiscal-deficit-and-rbi-policy-11757051227681.html
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