GST 2.0 government response to industry's voice: Arjun Ram Meghwal
Law Minister Arjun Ram Meghwal says GST 2.0 addresses industry needs. The reform aims to simplify processes for businesses and households. The government has reduced the number of GST returns filed annually. It has come down from 37 in 2017 to jus...

Addressing an industry body's event here, the minister said GST 2.0 is not just about taxation but making life easier for households and businesses.
"From filing 37 GST returns in a year in 2017 to only 3 today, this reform shows how governance can truly respond to industry's voice. At the same time, we must clearly define illicit trade and work collectively to eliminate it," he said according to a statement.
Goods and services tax (GST) has been simplified to a two-slab structure of five per cent and 18 per cent.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.