If executed well, GST 2.0 could evolve from a foundational reform into a competitive advantage, supporting India’s journey toward becoming a developed nation by 2047
The Centre plans GST rationalisation by Diwali, lowering tax on passenger vehicles and two-wheelers from the current 28% to 18%, benefiting entry-level models. The proposal, expected in September’s GST Council meet, aims to boost affordability, sales, and economic growth