https://www.taxtmi.com/article/detailed?id=15256 GST reforms 2.0 implement comprehensive rate rationalization favoring lower taxation of essentials and higher taxation of luxuries, intended to boost consumption, manufacturing, services and indirect tax revenues, improve ease of doing business, and benefit sectors like real estate and MSMEs. The reforms raise transitional issues: accumulated input tax credit reversal on unsold inventory, emergence of inverted duty structure, and loss of set off following withdrawal of compensation cess, matters that may require administrative relief and further procedural measures. en-us Sat, 18 Oct 2025 09:09:28 +0530 Sat, 18 Oct 2025 09:09:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15256 GST reforms 2.0 implement comprehensive rate rationalization favoring lower taxation of essentials and higher taxation of luxuries, intended to boost consumption, manufacturing, services and indirect tax revenues, improve ease of doing business, and benefit sectors like real estate and MSMEs. The reforms raise transitional issues: accumulated input tax credit reversal on unsold inventory, emergence of inverted duty structure, and loss of set off following withdrawal of compensation cess, matters that may require administrative relief and further procedural measures. Articles Goods and Services Tax - GST Sat, 18 Oct 2025 09:09:28 +0530 https://www.taxtmi.com/article/detailed?id=15256