GST ITC reforms: What businesses need to know

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.

When businesses comply but suppliers default, who bears the burden under GST?

Input Tax Credit (ITC) disputes arising from supplier defaults have been a long-standing challenge under the GST framework. Proposed reforms could bring greater clarity and relief for bona fide taxpayers.

In the latest episode of #GTBharat's PolicyCast podcast series, Manoj Mishra, Partner and Tax Controversy Management Leader, discusses the changing ITC framework and the potential implications of these developments.

Key areas covered:

• Impact of supplier defaults on ITC eligibility
• Balancing revenue protection with taxpayer certainty
• Implications for disputes, working capital and compliance

Tune in to understand what businesses should watch as GST regulations continue to take shape.

Listen now on:

YouTube Spotify Apple Amazon Music