New Delhi, June 30 -- As India's Goods and Services Tax (GST) completes eight years since its launch in July 2017, a report by PwC highlights the key demands and reforms expected by the industry going forward.

The report comes at a time when GST collections are exceeding Rs 2 lakh crore a month, prompting businesses and experts to push for changes to make the tax system simpler, more stable, and better aligned with a growing and evolving economy.

According to the report, rate rationalisation, reducing the number of GST rate slabs and taxability of emerging sectors remain among the top demands of the industry.

The report said, "The future of GST is expected to be shaped by the adoption of new-age technologies in tax governance. Other ke...