Volume : 12, Issue : 7, JUL 2026

A STUDY ON GST 2.0 IN WEST BENGAL

DR. ARUN MONDAL

Abstract

Goods and Services tax (GST) was implemented in 2017. GST brought significant changes in indirect tax structure. GST 2.0 was introduced in 2025. GST 2.0 is more consumer centric than GST 1.0. GST 2.0 has positive impact on various sectors. GST 1.0 was based on multi slab structure, i.e. 0%, 5%, 12%, 18%, 28%. GST 2.0 slabs are 0%, 5%, 18%, 40%. Under GST 2.0, 5% rate applicable to essential goods, 18% rate applicable to standard goods, 40% rate applicable to luxury and sin goods. Many life saving drugs are exempted from tax under GST 2.0. Life and health insurance premiums are exempted from tax under GST 2.0. The purchasing capacity of consumers has enhanced due to lower rates of GST 2.0. The study is based on both primary data and secondary data. Primary data has been collected from West Bengal. Secondary data has been collected from journal articles. In this paper, an attempt has been made to find out the different aspects of GST 2.0.

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IESRJ

International Educational Scientific Research Journal

E-ISSN: 2455-295X

International Indexed Journal | Multi-Disciplinary Refereed Research Journal

ISSN: 2455-295X

Peer-Reviewed Journal - Equivalent to UGC Approved Journal

Peer-Reviewed Journal

Article No : 7

Number of Downloads : 38

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