<h1>Central draft proposes next-generation GST reforms to simplify law, revise rates, seek state cooperation before Diwali</h1> The central government has circulated a draft of proposed next-generation GST reforms to state governments, urging cooperation to enact changes before Diwali. The proposal aims to simplify the GST law and revise tax rates, promising benefits for households and businesses. Implementation will require intergovernmental agreement and procedural action under the GST framework-likely deliberation and approval through the GST Council and any necessary legislative or administrative amendments at central and state levels. Timelines and state consent are critical risks to on-time rollout; rate revisions and legal simplification could prompt transitional rules and compliance adjustments for taxpayers.