https://www.taxtmi.com/news?id=56552 Next generation GST reforms simplify the indirect tax rate structure by concentrating goods into a streamlined set of lower rate bands and exempting many essentials, thereby reducing retail prices and increasing household savings. The package pairs rate reductions with administrative simplifications aimed at easing compliance for small businesses, traders and MSMEs, and is presented as supporting local manufacturing and employment by incentivising domestic production and procurement. en-us Mon, 22 Sep 2025 23:01:02 +0530 Mon, 22 Sep 2025 23:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56552 Next generation GST reforms simplify the indirect tax rate structure by concentrating goods into a streamlined set of lower rate bands and exempting many essentials, thereby reducing retail prices and increasing household savings. The package pairs rate reductions with administrative simplifications aimed at easing compliance for small businesses, traders and MSMEs, and is presented as supporting local manufacturing and employment by incentivising domestic production and procurement. News - Mon, 22 Sep 2025 23:01:02 +0530 https://www.taxtmi.com/news?id=56552