https://www.taxtmi.com/news?id=54839 The document announces a comprehensive GST overhaul simplifying the rate structure by collapsing intermediate slabs, moving most daily food and grocery items into a lower tax slab, making certain staples tax free, and retaining a higher rate for defined sin and ultra luxury goods. Complementary procedural reforms include faster refunds, expedited registration, simplified compliance, and clearer product classification to remove prior anomalies. Administrative monitoring is to be used to promote pass through of rate reductions to consumer prices where necessary. en-us Sat, 06 Sep 2025 17:01:04 +0530 Sat, 06 Sep 2025 17:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54839 The document announces a comprehensive GST overhaul simplifying the rate structure by collapsing intermediate slabs, moving most daily food and grocery items into a lower tax slab, making certain staples tax free, and retaining a higher rate for defined sin and ultra luxury goods. Complementary procedural reforms include faster refunds, expedited registration, simplified compliance, and clearer product classification to remove prior anomalies. Administrative monitoring is to be used to promote pass through of rate reductions to consumer prices where necessary. News - Sat, 06 Sep 2025 17:01:04 +0530 https://www.taxtmi.com/news?id=54839