8 Years of GST in India: Achievements, Challenges & GST 2.0 Reform Roadmap | Revenue Trends, Tax Slabs, ITC Issues & Future Outlook
🇮🇳 Eight Years of GST: Has India’s ‘One Nation, One Tax’ Truly Delivered ? - Dr.Sanjaykumar Pawar 📚 Table of Contents Introduction: GST at Eight – A Fiscal Turning Point What is GST? Understanding India’s Dual Tax Model Key Achievements: The Transformation So Far Persistent Challenges: Unfinished Business GST Revenue and Compliance Trends: Data Snapshot GST Council: The Federal Backbone of Reform The Road Ahead: What Should GST 2.0 Look Like? Conclusion: Towards a More Harmonized Future Frequently Asked Questions (FAQs) 📌 Introduction: GST at Eight – A Fiscal Turning Point On July 1, 2017 , India embarked on one of its boldest tax reforms with the rollout of the Goods and Services Tax (GST) . Designed to replace a labyrinth of central and state levies, GST sought to unify India’s fragmented tax structure into a single, transparent system. This landmark reform aimed to simplify compliance, eliminate tax cascading, and promote a seamless “One Nation, One Tax, One Marke...