Simplify GST with Only 0%, 5% and 10% Tax Slabs; Reduce Penal Provisions to Realise the Vision of Viksit Bharat: Rajesh Agarwal.

Mumbai: The Agrawal Marwadi Chamber of Commerce, Industries & Education (AMCCIE) has urged the Government of India to undertake comprehensive reforms in the Goods and Services Tax (GST) regime by making it simpler, more transparent and business-friendly. The Chamber stated that achieving the vision of “Viksit Bharat 2047” requires a simplified tax structure that supports industries, businesses, MSMEs, startups and the middle class.
AMCCIE National President Rajesh Agarwal said that while the introduction of GST nine years ago successfully established a unified indirect tax system across the country, the next phase should focus on “Simplified GST for Developed India.” He proposed replacing the existing multiple GST tax slabs with only three uniform rates—0%, 5% and 10% across the nation.
He further stated that the present GST framework contains several complex procedures, technical hurdles and excessive penal provisions that create unnecessary difficulties for honest taxpayers, traders and MSMEs. The Government should adopt the principle of “Trust First, Compliance Next” by reducing unnecessary penalties and litigation while ensuring greater respect, convenience and confidence for taxpayers.
Rajesh Agarwal emphasized that traders, industrialists, MSMEs and the middle class constitute the backbone of India’s economy. A simplified tax regime, lower compliance costs and policy stability would encourage higher investments, increased manufacturing, stronger exports and greater employment generation. This, in turn, would significantly strengthen India’s GDP, improve tax collections and enhance the country’s global competitiveness, enabling India to emerge as one of the world’s leading economic powers.
He added that fewer GST slabs, simpler regulations and greater voluntary compliance would broaden the tax base, reduce tax evasion and ensure sustained growth in government revenue. The objective of GST, he said, should be to make doing business easier—not more complicated.
AMCCIE has appealed to the Government of India and the GST Council to give due consideration to the recommendations of trade and industry associations while implementing future GST reforms. The Chamber believes such reforms will further strengthen the national initiatives of Ease of Doing Business, Make in India, Atmanirbhar Bharat and Viksit Bharat 2047.
The demand was also supported by Jagdish Unecha (Maharashtra President), Narendra Goyal (National Vice President), Kamalraj Bansal, Vinod Sankla (National Chief – Jain Cell), Mithalal Jain and Umesh Mandot. The office bearers jointly stated that:
“Respect for business, a simplified GST regime and a stable tax policy are the true foundations of India’s rapid economic growth and its journey towards becoming a developed nation.”