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