India, May 21 -- Since its introduction in 2017, the Goods and Services Tax (GST) has profoundly transformed the Indian economic framework. Commonly referred to as a 'one nation, one tax' initiative, its primary objective was to remove the cascading effect of multiple indirect taxes and establish a unified national market. India is now entering a new phase known as GST 2.0, which is defined by efforts to rationalise tax rates, automate compliance mechanisms, and employ data-driven enforcement strategies. This transition places the micro, small, and medium enterprise (MSME) sector at a pivotal juncture. Although the overarching goal of a simplified tax system persists, the day-to-day realities of compliance obligations and liquidity constr...