<h1>Ruling party calls GST 2.0 a comprehensive reform to simplify taxes, cut household rates, broaden compliance and boost growth</h1> A ruling party parliamentarian described the announced GST rationalisation ('GST 2.0') as a comprehensive tax-policy reform intended to simplify classification, reduce rates on household goods and select goods and services, and strengthen intergovernmental fiscal relations. The submission argues the measures aim to stimulate demand, formalise the economy, broaden the taxpayer base, improve compliance and boost medium-term collections despite short-term revenue sacrifice, potentially adding substantial GDP. The reforms are presented as requiring institutional transformation to realise objectives of enhanced productivity, fiscal architecture resilience and reduced consumption barriers through lower rates and streamlined compliance.