ReferIndia News Next Gen GST: Sweeping Reforms for Economic Boost

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Next Gen GST: Sweeping Reforms for Economic Boost

Published on: Aug. 17, 2025, 12:26 p.m. | Source: Devdiscourse

The 'Next Gen GST' proposes major tax reforms with two slabs of 5% and 18%. Aimed at economic growth, the overhaul seeks to end tariff threats and ensure stability. The proposal promises a single tax rate regime in the future, depending on India's development as a nation.

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