An insight in the seventh year of GST

India's Goods and Services Tax (GST) will reach a notable milestone on July 1, 2024, after seven years of implementation. It has been evident that the implications of GST have extensively transformed the indirect tax framework, resulting in robust GST collections surpassing INR 20.14 trillion in FY 2023-24. Therefore, this impressive result shows how resilient India's economy is and opens up the prospect for GST 2.0, the next wave of GST reforms.