Many items will become cheaper in the country after 2 days. New law for those who pay Income Tax from 1 October.

In the next few days, big changes are going to be made in India in terms of the economic sector, which will directly affect the common people. The second phase of the Dispute to Trust scheme is being started by the Income Tax Department, while the GST on many things is expected to be reduced after September 25.

A new facility is going to be implemented for people paying income tax.

According to Nirmala Sitharaman's order, the second phase of the Vivaad se Vishwas scheme will start from October 1, in which people will be able to get their old income tax dues and notices cleared by easily applying. For this, a dedicated unit has been set up in the Income Tax Department which will look into these applications and settle them.

GST on many things will be reduced from September 25.

In the last meeting, a group of ministers was formed which was to consider the reduction of taxes imposed on the insurance sector. The result of this meeting of the group of ministers will be released during the meeting to be held in Goa on 25 September.

According to the report, soon the announcement of reducing the GST rate to 5% in the insurance sector can be made. With this new announcement, people buying any type of insurance in the country will have to pay less money in premium.

Due to the reduction in GST, there will be a slight reduction in the price of railway tickets etc. Whenever you book a ticket from IRCTC and you choose the option of insurance, then GST is added to it, due to which the railway tickets will become cheaper but very marginally, however, it will not have a huge impact on the common people because this reduction will be very minor.