According to a report by the Federation of Indian Chambers of Commerce and Industry’s Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (FICCI CASCADE) in collaboration with the Thought Arbitrage Research Institute (TARI), Indian households are expected to experience tax savings ranging from 27 to 30 percent under the new GST 2.0 system. The joint report, titled “Decoding the Journey of GST Reforms: GST and Its Effect on Economy, Business and Household Consumption,” indicates that the revised framework has reduced the tax burden on various items.
