https://www.taxtmi.com/article/detailed?id=15667 The Finance Ministry summarised support for GST 2.0 rate rationalisation as a citizen friendly reform expected to lower living costs and boost growth, accepting a projected short-term net revenue shortfall while emphasising improved compliance and monitoring of price pass through. It reaffirmed that the five year constitutional compensation mechanism has ended and no alternative is planned, rejected end use exemptions such as for MPLADS to protect Input Tax Credit and prevent misuse, and detailed technology driven anti evasion and simplification measures for compliance and enforcement. en-us Sat, 27 Dec 2025 10:00:22 +0530 Sat, 27 Dec 2025 10:00:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15667 The Finance Ministry summarised support for GST 2.0 rate rationalisation as a citizen friendly reform expected to lower living costs and boost growth, accepting a projected short-term net revenue shortfall while emphasising improved compliance and monitoring of price pass through. It reaffirmed that the five year constitutional compensation mechanism has ended and no alternative is planned, rejected end use exemptions such as for MPLADS to protect Input Tax Credit and prevent misuse, and detailed technology driven anti evasion and simplification measures for compliance and enforcement. Articles Goods and Services Tax - GST Sat, 27 Dec 2025 10:00:22 +0530 https://www.taxtmi.com/article/detailed?id=15667