https://www.taxtmi.com/news?id=56373 Next generation GST reforms take effect with reduced tax rates on a broad list of consumer and aspirational goods, moving from a multi slab regime to a predominant two tier structure that lowers taxes for most goods and services while retaining higher rates and cess for ultra luxury and tobacco items. The reforms are promoted as simplifying taxation, reducing retail prices, aiding MSMEs, increasing ease of doing business, and supporting domestic manufacturing under swadeshi and Atmanirbhar Bharat appeals. en-us Sun, 21 Sep 2025 17:46:03 +0530 Sun, 21 Sep 2025 17:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56373 Next generation GST reforms take effect with reduced tax rates on a broad list of consumer and aspirational goods, moving from a multi slab regime to a predominant two tier structure that lowers taxes for most goods and services while retaining higher rates and cess for ultra luxury and tobacco items. The reforms are promoted as simplifying taxation, reducing retail prices, aiding MSMEs, increasing ease of doing business, and supporting domestic manufacturing under swadeshi and Atmanirbhar Bharat appeals. News - Sun, 21 Sep 2025 17:46:03 +0530 https://www.taxtmi.com/news?id=56373