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Big GST cheer for common man! Two-slab tax structure to replace 5-28% rates; Finance ministry shares important details

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Prime Minister Modi announced upcoming GST reforms aimed at easing the burden on citizens, farmers, and MSMEs. The proposed changes include a simplified two-slab structure and rate rationalization. These reforms focus on structural improvements, rate adjustments, and enhancing the ease of living, with implementation expected this financial year.
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