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**GST Overhaul: Government Streamlines Tax Slabs to Simplify Compliance**

**New Delhi:** In a significant move aimed at simplifying the Goods and Services Tax (GST) regime and easing the burden on small businesses, the government announced today a major overhaul of the existing tax structure. Effective immediately, the complex web of GST slabs has been reduced to just two key rates: 5% and 18%.

This streamlining comes eight years after the initial implementation of the GST, which, despite its aim of unifying indirect taxes, resulted in a complicated system that many small traders found difficult to navigate. The move is expected to reduce compliance burdens, eliminate ambiguity, and promote ease of doing business across the country. The government hopes that this simplification will lead to greater tax compliance and a more efficient GST system overall.

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