GST 2.0 will further ease tax compliances and boost economic growth ...Middle East

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GST 2.0 will further ease tax compliances and boost economic growth
New Delhi: Goods and Services Tax (GST) is one of the major economic reforms in the last decade in India which replaced the Value Added Tax (VAT) system. It paved the way for economic growth, lower logistics costs, and ease of doing for business. Now the Union government is focusing on GST 2.0 which further eases tax laws, enhance tax simplification and adoption of technology. In Budget 2024, Finance Minister Nirmala Sitharaman emphasised further simplification of tax laws and the adoption of technology. The Finance Minister proposed some measures in the Budget to signal that new GST 2.0 will unlock trade potential and further ease compliances in the tax laws that foster further economic gr

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