<h1>Industry Groups Propose 2023-24 Tax Reforms: Lower Corporate Rates, Simplified GST, Incentives for Startups, Predictable Regime.</h1> Industry and trade associations have proposed changes for the 2023-24 budget concerning direct and indirect taxes. These suggestions aim to streamline tax processes, enhance compliance, and boost economic growth. The recommendations include lowering corporate tax rates, simplifying Goods and Services Tax (GST) structures, and providing incentives for startups and small businesses. The associations emphasize the need for a predictable tax regime to attract foreign investments and support domestic industries. They also advocate for measures to improve tax administration efficiency and reduce litigation.