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Below the Quote on GST 2.0 Reforms by Sundeep Mohindru, Founder and Promoter, M1xchange

“The GST 2.0 reforms are a major development for the Indian economy and especially for the MSME sector. The reduction in input costs, simplified compliance procedures and faster refunds will help address capital requirements for small businesses and improve their competitiveness in both domestic and export markets. With 66 million MSMEs contributing around 30% of GDP and 45% of exports, the impact of these changes will be significant. Lower GST on raw materials and finished products in key sectors such as food, healthcare, agriculture and household goods is expected to support demand. The timing of these reforms, ahead of the festive season, will encourage domestic consumption and provide support to a wide range of industries.”

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