<h1>Tax Policy Stability: implement committee recommendations and procedural reforms to reduce disputes and encourage investment.</h1> The memorandum urges tax policy stability to restore investor confidence by implementing committee recommendations-notably phased GAAR with grandfathering, limiting retrospective amendments and avoiding withholding, interest or penalty consequences. It calls for strengthened dispute-resolution (conciliation benches, improved DRP/MAP), immediate processing of refunds and easier lower/nil withholding certificates, and treaty-style information exchange to tax overseas funds. It recommends comprehensive GST design with all central and state levies subsumed, and a range of sector-specific customs, excise, service tax and direct-tax measures to correct inverted duties, incentivize green and infrastructure investment, and improve competitiveness.