<h1>GST rate rationalisation advances a dual-slab structure to lower taxes on common goods and stabilise input tax credits.</h1> Next-Gen GST proposes replacing the current multi-slab structure with a dual-slab regime for general goods and a distinct higher rate for sin goods, reallocating most mid- and high-band items into the lower general slab to lower consumer prices and boost consumption. The design prioritises preventing accumulation of input tax credit, ensuring durable rate stability following the compensation cess phase-out, and requires ministerial review and intergovernmental approval before implementation, with a contingent long-term aim of moving toward a single-rate GST.