How GST 2.0 sets the stage for the next wave of reforms
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The 57th GST Council meeting is now focusing on reforming tax administration.
- ✓Experts Jitendra Motwani and Ginita Bodani said the focus is on "faster decisions, lower compliance costs, automated refunds and trust-based administration." These changes aim to simplify registration and dispute resolution, building on the national market started in 2017.
Story at a Glance
- Category
- BUSINESS
- Reported By
- CNBC TV18
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
The focus is on faster decisions, lower compliance costs, automated refunds and trust-based administration, write Trilegal's Jitendra Motwani and Ginita Bodani.
When the Goods and Services Tax was introduced in 2017, its promise was simple. It would create one national market, a common indirect tax framework and fewer barriers to doing business. Nine years on, GST has entered a new chapter. The 56th GST Council meeting tackled the most visible part of that journey through rate rationalisation. The 57th meeting has now turned to the machinery through which GST is administered, reforming registration, input tax credit, refunds, enforcement and dispute resolution.
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CNBC TV18
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