India is rolling out the biggest reform to its Goods and Services Tax since 2017. The GST Council has approved a new structure that takes effect on September 22. It will reshape how everything from household essentials to cars, insurance, and services are taxed.
The government says GST 2.0 will simplify compliance and lower costs, but several states warn of heavy revenue losses and economists question the design. Markets have already responded with key sectors moving sharply.
In this episode we go over what changes, who benefits, who loses, and whether GST 2.0 can deliver on the promise of a simpler tax system.
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