The article, "GST @ 9: Evaluating the Next Phase of GST Reform", examines the evolution of India's GST regime over the past nine years and argues that while GST has delivered significant structural gains through tax consolidation, digitisation, and enhanced compliance, the next phase of reform must focus on improving business efficiency, certainty, and ease of doing business. The article identifies key systemic challenges, including restrictions on input tax credit, inefficiencies in the mandatory Input Service Distributor framework, shortcomings in dispute resolution, and the need for greater tax certainty. It also advocates for reforms such as monetisation of accumulated ITC, rationalisation of blocked credits, streamlined dispute resolution mechanisms, inclusion of petroleum products within GST, and prospective policy making, with the objective of transforming GST from a revenue-success story into a mature, predictable, and business-friendly tax framework.
Read more here: insights.dentons.com/528/35319/uploads/dll-gst-9-article.pdf
Author:
Rushil Shah, Associate Partner
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