LONG AWAITED GST REFORMS IN INDIA The article describes five key ideas for transformative **GST reforms** in India, focusing on rationalising tax rates, boosting manufacturing and consumption, and implementing trust-based systems to help industry growth[1]. ## Main GST Reform Ideas - **Rationalisation of Rates**: Simplifying the current multiple GST slabs into fewer, lower tax brackets aims to encourage manufacturing and consumption, making India’s tax system more predictable and competitive internationally[1]. - **Low-cost Housing Incentives**: Promoting affordable housing through GST reductions is expected to stimulate broad economic effects, benefiting various sectors and driving GDP growth[1]. - **Trust-Based Tax System**: Shifting towards a taxation approach based on trust rather than suspicion encourages greater compliance and less adversarial relationships between businesses and authorities[1]. - **Cheaper Goods, Boosting Demand**: Reducing GST rates will lower prices for consum...
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