New Delhi, Sept. 4 -- RPG Enterprises Chairman Harsh Goenka on Wednesday lauded the major overhaul of the indirect tax regime by GST Council and referred it to as 'big Diwali gift'.

Taking to X, Goenka wrote, "Big Diwali gift for every Indian! GST on daily essentials, healthcare, education & farming inputs slashed. Cheaper groceries, Relief in healthcare, Affordable education, Support for farmers. Next-gen GST = ease of living + boost to economy."

Earlier on Wednesday, the 56th GST Council meeting, led by Finance Minister Nirmala Sitharaman, on September 3 approved the two-tier structure - 5 per cent and 18 per cent, and special tax of 40 per cent.

In addition, the GST Council also introduced a special 40 per cent slab for select items...