After PM Modi’s address to the nation on the latest GST reforms, hailing the tax structure of the nation, various industry bodies and experts have also welcomed the announcement of GST 2.0. Industry experts called the GST 2.0 a move that will simplify the tax system and reduce the burden on consumers. 

They further asserted that the latest reforms will ultimately give a push to the economy and ensure that India’s economy will now grow at a better pace. 

While speaking to the media, representatives from various sectors affected by the recently imposed higher tariffs from the US highlighted that the new tax reforms will create more opportunities and give a boost to the industry.