<h1>Tax reform: comprehensive fiscal and sectoral proposals to boost investment and rationalize indirect taxes and compliance.</h1> Comprehensive pre budget memorandum advocates fiscal consolidation alongside measures to boost demand and investment, notably expedited implementation of the Goods and Services Tax, widening of the tax base, and sectoral tax rationalisation. It advances specific indirect tax and customs adjustments, expanded exemptions and incentives to promote domestic manufacturing and exports, reform of CENVAT/credit rules and time limits, and targeted income tax clarifications to support finance, insurance, MSMEs and priority sectors while addressing NPAs and infrastructure financing.