https://www.taxtmi.com/news?id=54499 Next-generation GST reforms propose tax rate rationalisation by consolidating multiple slabs into a reduced slab structure and imposing higher tax on select luxury and sin goods, while removing duty inversion in sectors like textiles, steel and cement. The reforms also emphasise administrative simplification through pre-filled returns, automated refunds and reduced compliance burdens for MSMEs, aimed at lowering household costs and advancing consumer welfare. en-us Wed, 03 Sep 2025 20:31:04 +0530 Wed, 03 Sep 2025 20:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54499 Next-generation GST reforms propose tax rate rationalisation by consolidating multiple slabs into a reduced slab structure and imposing higher tax on select luxury and sin goods, while removing duty inversion in sectors like textiles, steel and cement. The reforms also emphasise administrative simplification through pre-filled returns, automated refunds and reduced compliance burdens for MSMEs, aimed at lowering household costs and advancing consumer welfare. News - Wed, 03 Sep 2025 20:31:04 +0530 https://www.taxtmi.com/news?id=54499