The GST Council has approved a rate overhaul effective from September 22, with two new slabs of 5% and 18%, aiming to benefit middle-class consumers. This move is part of the "GST 2.0" framework announced by Prime Minister Narendra Modi, which seeks to simplify the tax structure and promote economic growth. The new rates will be applicable to TV sets, air conditioners, shampoo, hair oil, and other essential items. According to ITC CMD Sanjiv Puri, this policy shift will benefit both businesses and households. Jammu and Kashmir's economy faces a fiscal crisis post-terror attack, with the Cen...