Tag Archives: GST 2.0 reforms

US tariff impact: GST 2.0 set to provide relief to affected sectors; experts see boost to demand – The Times of India

US tariff impact: GST 2.0 set to provide relief to affected sectors; experts see boost to demand – The Times of India

Industry leaders and experts have said the newly announced GST 2.0 reforms will provide much-needed support to sectors impacted by the recent US tariff hikes, easing costs for consumers and boosting domestic demand. As per news agency ANI, stakeholders from textiles, automobiles, jewellery, exports and finance believe the rationalisation will help offset challenges posed by global trade pressures.Mithileshwar Thakur, secretary …

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GST 2.0 to treat more than rate cuts: Revamp to fix classification disputes, duty inversions- What officials say – Times of India

GST 2.0 to treat more than rate cuts: Revamp to fix classification disputes, duty inversions- What officials say – Times of India

GST (representative image) The proposed revamped goods and services tax (GST) 2.0, developed through extensive consultations, aims to be more comprehensive than just rate adjustments. Officials, quoted by Economic Times, indicate it will fundamentally restructure the eight-year-old indirect tax system. The changes focus on resolving classification conflicts, duty inversions and operational challenges to provide businesses with enhanced certainty and stability.The …

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