India's Ministry of Finance is planning GST reforms to be implemented by Diwali 2025 (25 October 2025). Prime Minister Narendra Modi publicly announced the upcoming "next-generation GST reforms" on India's 79th Independence Day, 15 August 2025. The most significant reform is the rationalization of rates, with a proposal to move from the current four-rate system (5%, 12%, 18%, and 28%) to a sta…