https://www.taxtmi.com/news?id=61316 The Next Generation GST reforms simplified the indirect tax structure by consolidating rates and refining product classification, designating two principal general rates and a higher rate for specified luxury or sin goods, while aiming to ease compliance for small traders. The ministry reports increased sales and customer footfall in consumer durables, e-commerce and automotive retail following the reforms, and commits to ongoing reviews to further streamline the GST system. en-us Tue, 11 Nov 2025 22:31:03 +0530 Tue, 11 Nov 2025 22:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=61316 The Next Generation GST reforms simplified the indirect tax structure by consolidating rates and refining product classification, designating two principal general rates and a higher rate for specified luxury or sin goods, while aiming to ease compliance for small traders. The ministry reports increased sales and customer footfall in consumer durables, e-commerce and automotive retail following the reforms, and commits to ongoing reviews to further streamline the GST system. News - Tue, 11 Nov 2025 22:31:03 +0530 https://www.taxtmi.com/news?id=61316