GST 2.0 Takes Shape: Industry Seeks Rate Rationalisation and ITC Reforms in Budget 2026

Last updated: 20 December 2025

As India moves closer to the second phase of GST reforms, the focus has clearly shifted from stabilisation to simplification and structural fine-tuning. In 2025, the GST Council continued its efforts on procedural clean-ups, stronger digital enforcement and long-pending discussions on rate rationali
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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