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.
Webinar recording

57th GST Council Meeting: Decoding the fine print and business impact

Watch our panellists analyse key GST recommendations and their implications for refunds, input tax credit, export transactions and multi-state tax administration

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Our insights

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Thought leadership

GST Compendium: October 2026

Recent GST and customs developments bring changes to tax compliance, input tax credit (ITC), refunds, exports and dispute resolution.

2 min read | 16 Oct 2026
Article

From credit accumulation to credit monetisation: The 57th GST Council's refund proposal

The 57th GST Council Meeting, held on 8 October 2026, recommended several significant process reforms resulting in ease of doing business, reducing litigation, and addressing the long-standing concerns of the taxpayers.

8 min read | 14 Oct 2026
PolicyCast Episode 59

57th GST Council meeting: 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.

1 min read | 14 Oct 2026
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    Webinar recording

    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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    Webinar recording

    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

    GST changes for Maldives tourism sector

    The Maldives has expanded GST to cover non-resident tourism suppliers. Foreign tour operators, agents and booking platforms must be ready by 1 October 2026.

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    GST Indirect Tax Service

    Service offerings

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    Matching and reconciliation under GST