GST reforms push: PM’s Diwali GST rate cut plan seen as timely, experts say it will boost economy

Prime Minister Modi's GST 2.0 announcement, featuring rate cuts by Diwali, is hailed by tax experts as a strategic move to bolster the Indian economy. The proposed reforms aim to simplify the tax structure, reduce litigation, and boost consumption, particularly for MSMEs. These changes are expected to enhance export competitiveness and address the inverted duty structure.