<h1>India Set to Implement GST Reform, Unifying Complex Tax System for Simplified Compliance and Economic Growth.</h1> India is on the verge of implementing the Goods and Services Tax (GST), a significant reform aiming to unify the country's complex tax system. The GST seeks to replace multiple indirect taxes with a single tax, simplifying compliance and administration. It is expected to enhance economic growth by reducing tax cascading, increasing investment, and fostering a unified market across states. The reform involves a constitutional amendment and requires broad political consensus. The GST will have a dual monitoring structure, improving compliance and reducing evasion. The proposed GST structure includes a revenue-neutral rate, exemptions, and a three-rate system to balance revenue needs and social equity.