Ok guys.. I went and did a little testing.. Seems that when you use command lines to run isos, GT2 won't work even with accurate cd timing enabled.. But running the game with the "Run iso" option in epsxe, it will work.. Also, running the game from command lines to use the iso and using the command -f will allow the game to pass the stuck screen.. Ie.
-loadbin D:\GT2.bin -f
This will allow the game to load correctly.. It seems GT2 has problems running even with accurate cd rom timing if all the startup screens of the psx is displayed.. Using -f runs the game without all the psx boot up screens.. Thereby the game runs fine.. I am using executor by the way..