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The Gujarat High Court examines whether GST’s 180-day payment rule for ITC reversal aligns with tax neutrality, commercial realities and credit as a vested right.
On the occasion of India’s 79th Independence Day, a bold and visionary roadmap for a Viksit Bharat by 2047 was unveiled. With a resolute emphasis on self reliance, innovation, and citizen empowerment, the Hon’ble Prime Minister underscored the nation’s transformation—from a dependent economy to a globally confident, technologically empowered, and economically resilient powerhouse.
The GST Compendium November 2025 highlights major GST, customs, and tax reforms, key judicial rulings, and tech-driven compliance updates shaping India’s evolving indirect tax landscape.
Eight years! That’s how long it has finally taken for the Goods and Services Tax Appellate Tribunal (GSTAT) to become operational since the launch of GST in 2017. It has been a journey marked by anticipation, deliberation, and judicial scrutiny.
The GSTAT Manual: A Guide to Appeals under GST is a comprehensive booklet marking the long-awaited operationalisation of the Goods and Services Tax Appellate Tribunal (GSTAT), eight years after the introduction of the GST law.
#GTBharat’s PolicyCast is your window into policy, tax, and regulatory developments. Each episode features expert perspectives on issues that matter to businesses, individuals, and the wider economy.
The October 2025 edition of the GST Compendium presents a comprehensive overview of the latest indirect tax reforms, with a particular focus on the implementation of GST 2.0 following the 56th GST Council meeting. This structural overhaul introduces a streamlined three-rate framework, rationalised service classifications, and procedural enhancements aimed at improving compliance certainty and operational efficiency across sectors.
The October 2025 edition of the GST Compendium presents a comprehensive overview of the latest indirect tax reforms, with a particular focus on the implementation of GST 2.0 following the 56th GST Council meeting. This structural overhaul introduces a streamlined three-rate framework, rationalised service classifications, and procedural enhancements aimed at improving compliance certainty and operational efficiency across sectors.
GST overhaul cuts tax on medicines & devices, making healthcare affordable. Pharma and medtech must realign pricing, supply chains, and innovation to drive access and growth.
The September 2025 edition of our GST Compendium provides an in-depth analysis of these reforms, including structural corrections, updated rate frameworks, streamlined registration processes, provisional refund mechanisms, and dispute resolution measures.
The unanimous adoption of these reforms by the Centre and all states reflects a shared resolve to place citizens at the heart of policy and to align GST with India’s long-term developmental aspirations.
In the latest episode of Grant Thornton Bharat's PolicyCast, our Partner, Tax Planning & Optimisation, Krishan Arora, provides a comprehensive perspective on the merger of the 12% and 18% tax slabs. This pivotal change is a significant step toward a more streamlined and globally competitive tax structures.
Since its launch in 2017, GST has achieved much of its intended purpose—simplifying compliance, reducing the cascading effect of taxes, and creating a unified national market.
Shifting trade policies, evolving legal interpretations, and notable judicial rulings are redefining India’s indirect tax environment.