Two-day national seminar on GST 2.0 concludes at Zisaji Presidency College in Kiphire

KIPHIRE — A two-day national seminar on GST 2.0 concluded at Zisaji Presidency College in Kiphire on Wednesday. The programme brought together researchers, local leaders, and students to discuss how the new tax system will help build a “Viksit Bharat” (Developed India) by 2047.

During the seminar, experts stated that GST 2.0, introduced in late 2025, aims to simplify taxes and support economic growth.

Speakers explained that reducing tax rates and removing the 12% slab has helped families save money while keeping essential goods in the 0–5% range. The system also promotes green growth and uses digital tools to improve transparency.

It was highlighted in the seminar that small businesses are benefiting from easier processes such as pre-filled tax forms and faster refunds. Experts noted that these changes are helping Micro, Small and Medium Enterprises (MSMEs) grow and operate more smoothly.

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Focusing on the Northeast, speakers said Nagaland can gain as a consumer state. Products like Assam tea and Naga handlooms are becoming more competitive in the national market. However, concerns were raised about the digital divide, as many rural traders still face poor internet connectivity and lack digital skills.

Some challenges were also discussed. Experts pointed out that farming costs have increased, especially for tools and fertilisers. They also stressed the need for better infrastructure and more staff in tax departments. The high tax on luxury goods was another concern raised during the sessions.