ITC chief hails PM's reform vision, says GST overhaul to spur growth https://www.taxtmi.com/news?id=53616 The proposed Goods and Services Tax (GST) overhaul consolidates rates into two primary slabs and a separate higher rate for select luxury or sin goods, aiming to simplify the tax structure, improve competitiveness, reduce business costs, promote formalisation and tax compliance, and boost affordability and access to essential items for middle-class consumers, MSMEs and farmers. en-us Tue, 26 Aug 2025 13:31:04 +0530 Tue, 26 Aug 2025 13:31:04 +0530 TaxTMI RSS Generator ITC chief hails PM's reform vision, says GST overhaul to spur growth https://www.taxtmi.com/news?id=53616 The proposed Goods and Services Tax (GST) overhaul consolidates rates into two primary slabs and a separate higher rate for select luxury or sin goods, aiming to simplify the tax structure, improve competitiveness, reduce business costs, promote formalisation and tax compliance, and boost affordability and access to essential items for middle-class consumers, MSMEs and farmers. News - Tue, 26 Aug 2025 13:31:04 +0530 https://www.taxtmi.com/news?id=53616