GST 2.0 to Ease Tax Burden and Boost MSMEs, Says Report

By A Staff Reporter

The government’s announcement of GST 2.0 is expected to bring far-reaching benefits for households, small businesses, and the broader economy, according to a new report. The proposed reforms are designed to simplify the indirect tax system, reduce compliance hurdles, and strengthen India’s progress toward a unified tax structure.

The report highlights that lower GST rates will directly ease the financial burden on households, making essential goods and services more affordable. For Micro, Small and Medium Enterprises (MSMEs), the reforms are expected to provide much-needed relief by reducing costs, simplifying compliance, and offering a more business-friendly tax environment.