GST 2.0: Why two-rate structure is needed

As the Goods and Services Tax (GST) completes one year of existence, the time is opportune to refresh and introduce sweeping changes in the existing structure, procedures and processes to make it more flawless and simple. While the efforts put in by the Centre and state governments, from its conception till its successful rollout, are quite commendable, decisions to simplify the GST further need t…