New Delhi, Aug. 23 -- A two-day meeting of the GST Council will be held on September 3-4 in New Delhi to discuss the three-pillar GST reforms proposed by the Centre, including rationalisation of tax rates by eliminating 12% and 28% slabs while retaining the other two - 5% and 18%, people in the know said. The council may also discuss matters related to compensation cess, and exemption of GST on health and life insurance premiums. P16...