Loading article...
Loading article...
Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM.GSTCOS024
Volume:
10 |
7 |
Jul 2026
Pages:
1-5
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
Department of MBA,
St. Peters Engineering College(Autonomous) , Kompally, Maisammaguda, Secunderabad,
Department of MBA
St. Peters Engineering College(Autonomous) , Kompally, Maisammaguda, Secunderabad,
GST 2.0 represents the most significant reform of India’s indirect tax architecture since the introduction of GST in 2017. Announced and operationalized through a package of rate rationalisation, structural simplification and compliance modernization, GST 2.0 aims to simplify slabs, reduce rates on many essentials, strengthen anti-evasion measures, and speed up refunds while preserving revenue. This paper compares the original GST framework (GST 1.0) with GST 2.0 across policy features, compliance mechanisms and expected economic outcomes. Using secondary sources (policy releases, government data, news and recent academic work), we summarise ten concise literature-review entries, present a comparative table of GST 1.0 vs GST 2.0, and discuss implications for growth, consumption and compliance. Findings indicate that GST 2.0 is likely to raise consumption, improve ease of compliance, and reduce cascading taxation for many items while requiring careful monitoring to protect revenue neutrality. The paper concludes with practical recommendations for policymakers, tax administration and industry.
KEYWORDS
GST 2.0 represents an evolutionary step intended to address well-known shortcomings of the original GST design — particularly complexity of slabs, refund delays, and certain compliance frictions. By rationalizing slabs, accelerating refunds and leveraging automation (e-invoicing, auto-reconciliation), GST 2.0 aims to make the system simpler for honest taxpayers while tightening leakages. Early qualitative signals (media reports on small-car demand, state outreach activities) and government assurances on revenue neutrality are promising, but a robust, empirical assessment will require 12–24 months of post-implementation data.
1. Press Information Bureau. (2025, June 30). Record Gross GST collection in 2024–25. Government of India. 2. Press Information Bureau. (2025, Sep 4). GST reforms 2025: Relief for common man, boost to growth. Government of India. 3. CBIC / Industry. (2025, Sep 17–19). GST 2.0 notifications & compliance highlights. (Summaries & circulars). 4. Times of India. (2025, Oct). GST 2.0 brings small cars back in vogue; Maruti leads revival. 5. Garg, S. (2025). Investigating the implications of GST revenue on economic growth: Empirical insight from India. (Journal). 6. ResearchGate / Other studies on GST and growth (2024–2025). 7. Tutorials & GSTN approved monthly data (2025). Approved monthly GST data – July 2025. 8. ClearTax / Industry explainer. (2025). GST Reforms in India: New rates, slabs and key changes. 9. News (Andhra Pradesh): Amaravati shopping festival to promote GST reforms (Oct 2025). 10. Taxtmi / advisory on e-invoice & e-way updates. (2025).
Publication Date
7/5/2026
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
Documents
Article Views
1
Total views since publication
PDF Downloads
2
Total downloads since publication
Geographic Reach
5
Digital Preservation: This article is permanently archived on Zenodo and complies with all data preservation standards across major indexing platforms.
Plagiarism Screening
This manuscript has been checked for plagiarism using TurnitinPlagiarismChecker software.
Conflict of Interest
The authors declare no conflict of interest related to this research work.
Funding Information
No funding information available for this research.
Related research in the same subject area
Loading similar articles...