PM Modi’s Call to Action for NDA MPs: Promote GST 2.0 and ‘Make in India’ Prime Minister Narendra Modi has issued a clear directive to NDA Members of Parliament (MPs): actively promote the new GST reforms and the “Make in India” campaign. During a recent meeting, he emphasized that these initiatives are crucial for easing … Read more
GST 2.0 has arrived, bringing India a simpler, fairer, and more transparent tax system. The key change is a move from multiple tax slabs to just two: 5% for essentials and 18% for most goods and services. The outdated 28% slab is gone, making everyday items like cars, appliances, TVs, and air conditioners more affordable. … Read more
Key Updates from the 56th GST Council Meeting The 56th GST Council Meeting has introduced a number of significant proposals aimed at simplifying the Goods and Services Tax system and easing the burden on taxpayers. 1. Automatic Return Filing A major proposal under discussion is the introduction of automatic return filing. This initiative seeks to … Read more
A New Approach to Anti-Profiteering for GST 2.0 As India prepares for GST 2.0, a key debate is whether the National Anti-Profiteering Authority (NAA), which was dissolved due to its flawed methodology, should be revived. States like Kerala, West Bengal, and Tamil Nadu are pushing for a stronger framework to ensure businesses don’t pocket tax … Read more
GST 2.0 Reforms: What It Means for You and Your Wallet Since its launch in 2017, the Goods and Services Tax (GST) has successfully simplified taxes and created a unified national market. However, the system’s multiple tax rates have remained a major point of contention. Prime Minister Narendra Modi’s recent announcement of a new two-slab … Read more
What Is GST 2.0 and Why Is It Causing a Market Lull? The Indian government has announced GST 2.0, a major reform to its indirect tax system. The plan aims to simplify the current structure by introducing a new two-tier system of 5% and 18%, along with a 40% slab for sin goods. This overhaul, … Read more
GST reform talks are heating up in India, with key meetings scheduled to discuss a major overhaul of the tax system. The ultimate goal is to simplify the complex five-tier structure into a more manageable two-rate model, a plan recently championed by Prime Minister Narendra Modi. The proposed “Next Generation GST Reforms” aim to create … Read more
GST reforms are set to reshape India’s tax landscape by Diwali 2025, with Prime Minister Narendra Modi’s announcement signaling a major overhaul. The new GST 2.0 regime aims to simplify the tax structure, making it more consumer-friendly and efficient. This move follows the recent Union Budget 2025’s decision to make income up to ₹12 lakh … Read more
