https://www.taxtmi.com/news?id=63372 The Rajya Sabha returned to the Lok Sabha a bill replacing an Ordinance to implement GST 2.0 reforms, converting emergency provisions into statute to clarify applicability, restore revenue flows, and benefit businesses. The bill introduces a track and trace system, reduces compliance burdens, increases transparency, and reconfigures tax slabs by abolishing the highest rate and reallocating items to lower rates to alter tax incidence and support economic recovery. en-us Tue, 02 Dec 2025 18:01:03 +0530 Tue, 02 Dec 2025 18:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63372 The Rajya Sabha returned to the Lok Sabha a bill replacing an Ordinance to implement GST 2.0 reforms, converting emergency provisions into statute to clarify applicability, restore revenue flows, and benefit businesses. The bill introduces a track and trace system, reduces compliance burdens, increases transparency, and reconfigures tax slabs by abolishing the highest rate and reallocating items to lower rates to alter tax incidence and support economic recovery. News - Tue, 02 Dec 2025 18:01:03 +0530 https://www.taxtmi.com/news?id=63372