With the second-generation reforms set to be completed on Wednesday with the rollout of process reforms, the Goods and Services Tax (GST) appears to be moving towards a more institutionalised and predictable regime, much like the direct taxes system, with frequent tinkering of rates giving way to a more structured annual process, sources said. The first phase of the reforms began with the rate rejig and slab recast in September last year. The Centre and states then spent nearly nine months stitching together the proposed process reforms to make GST 2.0 a more wholesome experience, with lower tax rates and easier compliance.