GST 2.0 delivers cheaper goods, but fiscal costs and import leaks could weaken India’s growth strategy.

GST reform India is rapidly transforming the country’s financial landscape. Because the government adopted a dual-rate tax structure

The Productivity Commission has recommended undoing the controversial 2018 changes to the distribution of goods and services tax (GST) revenue between Australian states, which cost taxpayers an estimated A$23 billion. The report criticises the Morrison government's decision to give Western Australia billions in extra GST funds at the expense of other states, calling it a 'costly mistake' that disrupted the system's core objectives. The reforms, intended to address disparities in state revenue capacity and service costs, instead created a more complex and inequitable distribution model. The commission argues that WA received 113% of its assessed fiscal needs under the new system, while other states only got 98%, with additional federal top-up payments funded by all taxpayers. The review highlights how the changes encouraged unproductive interstate lobbying and rivalry, undermining cooperative federalism. The recommended solution is to revert to the pre-2018 system, which balanced state revenue capacity and service costs through annual assessments by the Commonwealth Grants Commission. Critics argue the 2018 reforms were a political expedient that prioritised WA's interests over national fairness.

A major overhaul of India's indirect tax system, GST 2.0, came into effect on Monday, ushering in a "GST Bachat Utsav" (Savings Festival) that promises to

Broader GST reform in Australia may seem fair but could hurt low-income Australians. Explore who really benefits—and smarter alternatives.

India’s new GST rates, effective September 22, simplify taxation, reduce costs on essentials, and promise economic

India simplifies its GST regime with a new two-slab system of 5% and 18%, plus a special 40% rate for luxury items. Here’scv

Modi Vows To Protect Farmers, Cut Taxes; Pushes Self-Reliance Amid US Tariffs .

For The History Books: Modi Delivers Longest-Ever I-Day Speech.

GST reform, Sharadotsav, equinox and a Swadeshi call align on one date.

GST 2.0 SHAKES THE NATION! | BIGGEST Price-Drop EVER! GST 2.0 SHAKES THE NATION! | BIGGEST Price-Drop EVER! India's biggest tax reform is here! GST 2.0 changes everything. Discover what's cheaper and what's not as we break down the new 5% and 18% tax slabs. This is the ultimate guide to the new GST rates. Queries: GST 2.0 Explained #GSTreform…