https://www.taxtmi.com/news?id=56103 Government policy has rationalised the Goods and Services Tax into a consolidated multi-slab framework; the existing four-rate GST structure resulted from alignment exercises and a transition to a single-rate GST is considered possible but not presently feasible. The reforms, termed "new generation GST reforms," focus on simplifying the system and enhancing fairness for low- and middle-income taxpayers, and the administration has circulated comparative tax devolution documents and will publish lists of items with reduced GST rates. en-us Thu, 18 Sep 2025 18:16:03 +0530 Thu, 18 Sep 2025 18:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56103 Government policy has rationalised the Goods and Services Tax into a consolidated multi-slab framework; the existing four-rate GST structure resulted from alignment exercises and a transition to a single-rate GST is considered possible but not presently feasible. The reforms, termed "new generation GST reforms," focus on simplifying the system and enhancing fairness for low- and middle-income taxpayers, and the administration has circulated comparative tax devolution documents and will publish lists of items with reduced GST rates. News - Thu, 18 Sep 2025 18:16:03 +0530 https://www.taxtmi.com/news?id=56103