<h1>Opposition urges GST 2.0 paper for simpler tax, fewer slabs, and support for MSMEs before GST compensation cess ends</h1> The opposition party called for an official discussion paper on the proposed GST 2.0 reform to enable a broad debate, emphasizing the need for a simplified tax system that promotes growth rather than suppresses it. They criticized the current GST framework for its complexity, multiple rates, exemptions, and facilitation of evasion, urging a drastic reduction in tax slabs while minimizing revenue uncertainty for states. The party highlighted the expiration of the GST compensation cess in March 2026 and recommended its extension to offset revenue risks from rate rationalization. They also stressed addressing concerns of micro, small, and medium enterprises and sector-specific issues, proposing incentives for states to expand GST coverage to additional sectors. The government announced plans to reduce GST rates by Diwali, moving to a two-slab system to lower tax burdens on common goods and MSMEs, aiming to boost private consumption and economic growth.