GST Council Decisions: Auto and Insurance Reforms

The government is changing taxes to make cars and insurance more affordable.

For cars, small vehicles and two-wheelers will have a lower tax rate, potentially lowering prices.

This is expected to boost sales.

Also, health insurance will no longer have GST, making it cheaper to buy policies.

This is to encourage more people to get insurance and help the industry.

Motorcycles over 350cc will become more expensive.

These changes are expected to benefit both consumers and the economy.