On the eve of the nine-day Navratri festival, India is set to witness a landmark economic reform. As the nation celebrates the festival of Shakti, the Next Generation GST reforms are being rolled out as part of the Aatmanirbhar Bharat initiative. Effective September 22, the reforms simplify the four-tier GST...
India’s proposed GST 2.0 reforms seek to streamline the indirect tax system by merging slabs, lowering rates on consumer goods, and simplifying compliance. The reforms are expected to spur consumption, ease inflationary pressures, and strengthen India’s global competitiveness. Yet, consensus remains challenging due to the federal nature of GST, with...
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