Finance Minister Hails GST 2.0 for Faster Refunds, Simpler Compliance, and Lower Rates

FM highlighted the government’s GST 2.0 initiative that promises quicker refund processing, easier return filing, and a rationalized rate structure leading to lower tax burdens on essential goods and services. The enhancements aim to resolve systemic issues in GST administration and reduce litigation. The policy intends to increase tax compliance, reduce costs for businesses, and support economic growth.