In the latest episode of #GTBharat’s PolicyCast, 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 risksTune 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.#GSTCouncil #GSTReforms #PolicyCast #TaxInsights
