NEW DELHI: In a sweeping move aimed at easing corporate compliance, injecting liquidity into the economy, and bolstering India’s competitive edge in global trade, the Goods and Services Tax (GST) Council announced a critical package of process reforms and structural clarifications. While steering clear of direct tax rate adjustments during its latest session, the Council […]
57th GST Council Meeting: Sweeping "GST 2.0" Reforms Focus on Decriminalisation, Compliance Ease, and Trust-Based Taxation
New Delhi: The 57th meeting of the Goods and Services Tax (GST) Council has commenced in the national capital, bringing to the table a transformative slate of proposals collectively dubbed "GST 2.0." According to reports from the Press Trust of India (PTI), the high-stakes deliberations are centered on shifting India’s indirect tax regime away from […]