LatestGoods & Service Tax (GST) 1 July 2026
GST Refund Reform
Indian businesses are seeking simpler GST refunds and ITC rules as the top reform wishlist nine years after the rollout of the Goods and Services Tax. The next phase of reforms is expected to focus on simplifying existing rules rather than introducing new ones, with Deloitte highlighting the need for reforms to benefit businesses.
The Goods and Services Tax (GST) has been in place for nine years, and Indian businesses are now calling for the next phase of reforms to focus on simplifying existing rules.
- The top reform wishlist includes simpler GST refunds and ITC rules, according to Deloitte.
The need for reforms to benefit businesses is highlighted, with the focus being on making existing rules easier to follow rather than introducing new ones.
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