Volume : 12, Issue : 9, SEP 2026

SECTORAL IMPACT OF GST 2.0 : A STUDY

DR. ARUN MONDAL

Abstract

Goods and Services Tax (GST) was implemented on 1st July, 2017. GST 2.0 was implemented on 22nd September, 2025. GST has brought remarkable changes in indirect taxation system. GST 2.0 is more consumer oriented than GST 1.0. GST 2.0 has significant impact on various sectors. GST 1.0 was based on four slabs i.e. 5%, 12%, 18%, 28%. GST 2.0 has simplified indirect tax system more than GST 1.0. GST 2.0 is based on three slabs i.e. 5%, 18%, 40%. 40% rate is applicable for luxury and sin goods. Small businesses face difficulties to comply with GST 2.0 due to inadequate digital infrastructure. The lower rates of GST 2.0 on essential goods have increased the purchasing power of the consumers. GST has immense impact on the economic development of India. GST 2.0 has enhanced the economic growth more than GST 1.0. In this paper, an attempt has been made to find out the sectoral impact of GST 2.0.

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IESRJ

International Educational Scientific Research Journal

E-ISSN: 2455-295X

International Indexed Journal | Multi-Disciplinary Refereed Research Journal

ISSN: 2455-295X

Peer-Reviewed Journal - Equivalent to UGC Approved Journal

Peer-Reviewed Journal

Article No : 9

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