GST 2.0: Key insights from the 56th Council Meeting with Sachhin Shinde

#GTBharat’s PolicyCast is your window into policy, tax, and regulatory developments. Each episode features expert perspectives on issues that matter to businesses, individuals, and the wider economy.

In the latest episode, Sachhin Shinde, Partner, Tax Planning & Optimisation, breaks down the big takeaways from the 56th GST Council meeting, which introduced a new wave of reforms ushering in GST 2.0.

Key insights from the discussion:

• Shift to a simplified 2-slab structure (5% and 18%) with a new 40% rate for luxury goods.
• Boost to consumption and household savings through lower costs on essentials.
• Faster cash flow with risk-based provisional refunds sanctioned within 7 days.
• Operational ease through simplified registration and GST Tribunal for dispute resolution.
• Transitional challenges businesses must address — from ERP updates to pricing strategies and compliance risks.

Tune in to understand how GST 2.0 is set to simplify compliance, ease working capital pressures, and strengthen India’s competitiveness in a volatile global economy.

Listen now on:

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