Research demonstrates economic implications of the new GST on sectors like manufacturing and services, highlighting compliance changes.
India's Goods and Services Tax (GST) system underwent significant transformation in 2025 with the implementation of GST 2.0, marking a fundamental shift from the complex multi-slab structure introduced in 2017 to a simplified three-tier system. This comprehensive research examines the sectoral impact of the new GST framework compared to the original GST implementation, analyzing economic implications across manufacturing, services, agriculture, healthcare, education, construction, automotive, textiles, pharmaceuticals, information technology, and other key sectors. The study evaluates changes in tax rates, compliance mechanisms, business operations, and economic outcomes to provide a holistic understanding of India's evolving tax landscape.
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Ankita et al. (2025) studied this question.
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