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The Core Report
The Core
685 episodes
1 day ago
Every Monday to Saturday, tune in as financial journalist and host Govindraj Ethiraj gives you the latest news in business, economy and technology
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All content for The Core Report is the property of The Core and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Every Monday to Saturday, tune in as financial journalist and host Govindraj Ethiraj gives you the latest news in business, economy and technology
Show more...
Business News
News
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#670 GST 2.0 Reforms India’s Bold Tax Move & the Hidden Fine Print | Govindraj Ethiraj | The Core Report
The Core Report
33 minutes 13 seconds
1 week ago
#670 GST 2.0 Reforms India’s Bold Tax Move & the Hidden Fine Print | Govindraj Ethiraj | The Core Report

In this Weekend Edition of The Core Report, Govindraj Ethiraj sits down with S Ramesh, former CBIC Chairman, and Krishan Arora, Head of Indirect Tax at Grant Thornton Bharat, to decode India’s bold new GST reforms.

From slashed rates on food, cars, medicines, and apparel to a tough new 40% slab on luxury goods, GST 2.0 is rewriting the rules of consumption and business. But what does it mean for FMCG, pharma, auto, airlines, and insurance? And how will India tackle the ₹48,000 crore revenue hit, stock transitions, and compliance challenges?

What you’ll learn:

  • How GST 2.0 reshapes demand across key industries

  • Why hidden costs like cess & inverted duties still matter

  • What businesses must know about tribunals & disputes

  • The unfinished agenda: services, ATF, natural gas & more

A sharp, no-fluff breakdown of India’s biggest tax reform in years — essential listening for business leaders, policymakers, and anyone tracking the economy’s next chapter.

  • (00:00) Introduction
  • (02:20) TAKEAWAYS FROM NEW GST REFORM
  • (08:00) Industry Impact: Passing the Benefits?
  • (11:50) Transition Challenges: Stocks & ITC
  • (14:26) CBIC approach in the past
  • (18:45) Reforms: Appellate Tribunals
  • (20:30) Unfinished Agenda: Services & Exemptions
  • (28:45) The Road Ahead: Next-Gen GST

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The Core Report
Every Monday to Saturday, tune in as financial journalist and host Govindraj Ethiraj gives you the latest news in business, economy and technology