https://www.taxtmi.com/news?id=52620 Proposal to move GST to a simplified two-slab structure-standard and merit-with special rates for a limited number of items, intended to lower tax burdens on common and aspirational goods after the compensation cess ended. Structural reforms target correction of the inverted duty structure, resolution of classification disputes, and rate stability. Compliance measures include technology-driven, time-bound registration, pre-filled returns to reduce mismatches, and faster automated refunds. The Centre has submitted the blueprint to a Group of Ministers for deliberation and seeks consensus via the GST Council for prompt implementation. en-us Fri, 15 Aug 2025 12:16:03 +0530 Fri, 15 Aug 2025 12:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52620 Proposal to move GST to a simplified two-slab structure-standard and merit-with special rates for a limited number of items, intended to lower tax burdens on common and aspirational goods after the compensation cess ended. Structural reforms target correction of the inverted duty structure, resolution of classification disputes, and rate stability. Compliance measures include technology-driven, time-bound registration, pre-filled returns to reduce mismatches, and faster automated refunds. The Centre has submitted the blueprint to a Group of Ministers for deliberation and seeks consensus via the GST Council for prompt implementation. News - Fri, 15 Aug 2025 12:16:03 +0530 https://www.taxtmi.com/news?id=52620