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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.
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.
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.
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.
Understand GST implications on intermediary services in India, including place of supply rules, export classification and compliance challenges impacting cross-border transactions.
The March 2026 edition of our GST Compendium brings together key developments under GST along with important updates across allied indirect tax laws, including customs, FTP and relevant central and state schemes.
The February 2026 edition of our GST Compendium provides a crisp analysis of proposals from the Union Budget 2026-27, legislative, administrative, and judicial developments across GST, Customs, erstwhile laws and SEZ, along with GSTN advisories.
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.
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.
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.
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