GST reform still incomplete after eight years

GST reform:  Eight years after India’s most ambitious indirect tax reform was rolled out, the goods and services tax has undergone a sweeping makeover. GST 2.0 is being hailed for slashing multiple slabs, cutting rates across sectors, and narrowing the luxury bracket to a sharply defined 40%. Tax cuts almost always stir optimism, and the government hopes this reform will revive consumption at…