https://www.taxtmi.com/news?id=54668 GST Council reforms simplify the tax regime by consolidating multiple higher slabs into two principal rates to reduce prices and simplify compliance. State governments and opposition parties seek extended transitional state revenue compensation to offset anticipated losses and demand measures to ensure rate-cut benefits are passed on to consumers. Political reactions range from praise for achieving tax unification to criticism that the reforms are partial and that the poor bear disproportionate tax burdens. en-us Thu, 04 Sep 2025 21:01:04 +0530 Thu, 04 Sep 2025 21:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54668 GST Council reforms simplify the tax regime by consolidating multiple higher slabs into two principal rates to reduce prices and simplify compliance. State governments and opposition parties seek extended transitional state revenue compensation to offset anticipated losses and demand measures to ensure rate-cut benefits are passed on to consumers. Political reactions range from praise for achieving tax unification to criticism that the reforms are partial and that the poor bear disproportionate tax burdens. News - Thu, 04 Sep 2025 21:01:04 +0530 https://www.taxtmi.com/news?id=54668