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Tag: GST 2.0 economic impact
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GST 2.0 in India: How Tax Rate Reductions Boosted State Revenues and Consumer Spending
The introduction of GST 2.0 in India marked a significant shift in the country’s indirect tax landscape. With reduced GST rates aimed at boosting consumer spending, this policy change has had varying impacts across different states. While the central government experienced some financial loss due to lower tax collections, several states saw a notable increase…