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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM55792
Volume:
10 |
1 |
Jan 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.
Independent Researcher
Independent Researcher
Dept. of Commerce
SV University, Tirupati.
GST 2.0 represents the next stage of reforms in India’s Goods and Services Tax system, aimed at making taxation simpler, more transparent, and growth-oriented. The reform seeks to provide relief to the common man by reducing tax burdens on essential goods, controlling inflation, and improving transparency in pricing and billing. At the same time, it aims to support businesses through simplified compliance procedures, Lower Prices, Higher Demand, Support for Manufacturing, Social Protection faster input tax credit refunds, and better support for MSMEs and startups. Together, these reforms ensure that GST is citizen-centric, business-friendly, and aligned with India’s global growth ambitions. By promoting ease of doing business and encouraging investment, GST 2.0 has the potential to strengthen India’s economy and improve overall public welfare. However, its success depends on effective implementation, digital infrastructure, and coordination between governments and taxpayers.
KEYWORDS
The adoption of a simplified GST structure and wide-ranging rate reductions marks a new chapter in India’s tax journey. GST 2.0 has the potential to transform India’s taxation system by making it more efficient, transparent, and business-friendly. The reforms are expected to reduce the financial burden on consumers, simplify compliance for businesses, and promote economic growth. By supporting MSMEs, encouraging investment, and improving tax administration, GST 2.0 can contribute significantly to national development. Although challenges such as implementation and digital adaptation remain, effective execution of these reforms can create long-term benefits for both the common man and the business sector, leading to a stronger and more inclusive economy. The reforms reaffirm India’s commitment to building a simpler, fairer, and growth-oriented GST framework, ensuring both ease of living for people and ease of doing business for enterprises.
1. https://www.pib.gov.in/PressReleseDetailm.aspx?PRID=2163555 2. https://x.com/mygovindia/status/1963290806770450904?s=46
Publication Date
1/27/2026
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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