India, Sept. 26 -- A joint report by The Federation of Indian Chambers of Commerce and Industry's Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (FICCI CASCADE) and the Thought Arbitrage Research Institute (TARI) reveals significant tax savings for Indian households under the new GST 2.0 regime. Titled "Decoding the Journey of GST Reforms: GST and Its Effect on Economy, Business and Household Consumption", the report highlights how the latest reforms are making daily life more affordable for both rural and urban populations.
According to the report, GST 2.0 has lowered the tax burden on essential and discretionary items, making them more accessible to households. Based on the report's analysis, households ...