<h1>GST reform simplifies tax slabs and reduces rates, improving affordability and lowering costs for MSMEs and agriculture.</h1> GST reforms implement broad tax simplification and rate restructuring within a unified Goods and Services Tax framework, streamlining slab structure, removing tax on specified essentials, and applying targeted rate reductions. Sector- and product-specific adjustments aim to support Micro, Small and Medium Enterprises and agriculture by lowering costs for farm machinery, irrigation and processing equipment, and inputs; removal of GST on health and life insurance is presented as strengthening social security and improving affordability for low- and middle-income households.