Budget 2026 and the next phase of India’s indirect tax framework

Grant Thornton Bharat’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.

As Union Budget 2026 approaches, the spotlight is shifting to how indirect tax policy will shape consumption, competitiveness and ease of doing business. In the latest episode of #GTBharat’s PolicyCast, we turn our focus to GST 2.0, customs and excise reforms, and what businesses should realistically expect from the upcoming Budget. Manoj Mishra, Partner and Tax Controversy Management Leader, Grant Thornton Bharat, shares his perspectives on indirect tax reforms and Budget expectations:

• What GST and indirect tax collections reveal about India’s economic momentum.
• Why GST 2.0 marks a shift from reform to refinement.
• Key friction points around ITC, refunds and inverted duty structures.
• The case for customs duty simplification and dispute resolution.
• How digitisation can move from intent to impact in customs administration.

A timely discussion on policy stability, structural efficiency and long-term growth as Budget 2026 draws closer.

Tune in to the full episode to stay ahead of the indirect tax narrative.

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