We play a key role in fostering awareness of the GST and provide guidance on what steps our clients should take pre and post introduction of GST.

Goods & Service Tax (GST) is the largest indirect tax reform in India since independence. GST is a pan-India single unified tax on both Goods and Services, levied only on ‘value added’ to goods and services at each stage in the economic supply chain.

GST is not just a change in tax, it is expected to have a far reaching impact on each facet of business operations in the country such as pricing of products and services, supply chain optimisation, IT, accounting and tax compliance systems. It will impact the tax structure, tax incidence, tax computation, tax payment, compliance, credit utilisation and reporting, leading to a complete overhaul of the current indirect tax system.

Our GST advisory services

GST 2.0: Simplifying India’s tax framework

India’s GST framework is entering a new phase of transformation. The 56th GST Council meeting has delivered one of the most sweeping tax overhauls since 2017 — a reset that goes beyond rates to touch profitability, liquidity, and reputation.

GST 2.0: Simplifying India’s tax framework

India’s GST framework is entering a new phase of transformation. The 56th GST Council meeting has delivered one of the most sweeping tax overhauls since 2017 — a reset that goes beyond rates to touch profitability, liquidity, and reputation.

Our Service offerings

We have been closely involved in monitoring the developments on GST. We help businesses in anticipating policy changes and assessing impact on their operations. We offer a host of specialised GST advisory services which includes analysing its impact on business of our clients, scenario analysis including alternative business models, legislative business level implementation assistance, transition management and undertaking key compliances.

  • Develop specific "concept level" impact areas, based on the information available in public domain and comparative GST structures in similar jurisdictions
  • Shift impact areas into areas of opportunity and threats
  • Help with representation to GST policymakers to minimise impact areas
  • Identify the manner in which opportunities could be improved

  • Perform simulated calculations of potential GST impact on business (on "as-is" basis) by using Grant Thornton Technology Tool and draft GST Law (Act & Rules)
  • Identify possible scenarios under which above identified opportunities/ issues could be maximised or minimised, as the case may be
  • Short-list realistic scenarios that could be implemented for GST preparedness

  • Custom-design changes in ERP, Internal Controls and Accounting
  • Assist in making relevant changes in Supply Chain
  • Review and suggest changes in documentation, processes and policies to meet GST requirements
  • Plot manner in which the GST credits and liabilities can be auto-picked for compliances and tax pay-outs

  • GST registrations in all jurisdictions where required
  • Assistance in meeting first cycle of GST compliances (invoice formats, returns, etc.)
  • Assistance in transitioning tax credits and liabilities from legacy IDT systems to GST systems using Transition Rules
  • Address special needs such as suggestions on State incentives.

Our insights

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GST@9: The rise of GST 2.0

Thought Leadership

GST 2.0 reflects the transformation of India’s tax framework from a system focused on harmonisation to one driven by intelligence and automation. Between 2017 and 2020, GST concentrated on building a unified national market through rate rationalisation, return stabilisation, and the introduction of e-way bills. The subsequent phase accelerated digitalisation through e-invoicing, Aadhaar authentication, automated return systems, and technology-led compliance mechanisms.

26 Jun 2026

Why India’s G-sec reset is drawing immediate global attention

PolicyCast Episode 43

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.

1 min read | 24 Jun 2026

Crafting skill, counting stakes: The new rules of online gaming

Article

Nearly a decade into GST, few disputes have tested the frontiers of tax, constitutional law and the digital economy as deeply as the online gaming dispute.

6 min read | 19 Jun 2026
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    Navigating GSTAT: Operational readiness and way forward

    Grant Thornton Bharat recently hosted a webinar on 'Navigating GSTAT: Operational readiness and way forward', where experts decoded how the operationalisation of the Goods and Services Tax Appellate Tribunal (GSTAT) marks a defining milestone in the GST dispute resolution landscape. The session explored the GSTAT framework, structure, and procedural roadmap, offering actionable insights on staggered appeal filing, pre-deposit planning, documentation best practices, and digital readiness. 

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    56th GST Council meeting: Decoding the Fine Print & Impact on Industry

    We hosted a webinar on the '56th GST Council meeting: Decoding the fine print & impact on industry', marking a shift to GST 2.0—a simpler, more predictable, growth-focused tax system. Experts discussed macro reforms and sectoral implications for pharma & healthcare, FMCG, automobiles, real estate, and technology, alongside transitional challenges in pricing, contracts, and supply chains.

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    Decoding the 56th GST Council meeting for the insurance industry

    Our recently held webinar on the 56th GST Council meeting for the insurance industry featured expert insights on the GST exemption for individual life and health policies. The session covered the need for insurers to reassess structures for tax efficiency, strategies to pass benefits to customers, measures to safeguard profitability, the impact of losing ITC on costs, and the importance of digitisation in driving compliance under the revised framework.

    Our resources

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    GST Indirect Tax Service

    Service offerings

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    Matching and reconciliation under GST