Overview

• A Deloitte survey of 963 stakeholders found 85% of respondents reporting a positive GST experience for the fourth consecutive year, with MSME satisfaction rising to 82%
• Businesses highlighted the auto-population of GST returns via e-invoicing as a key advance that reduces manual errors and streamlines filings
• Sixty-seven percent of respondents said government-issued clarifications have been vital in resolving on-ground GST disputes, up from 55% last year
• GST has driven down average indirect tax rates and cut taxes on essentials—hair oils and soaps from 28% to 18%—while interstate trade now accounts for 35% of GDP
• The GST Council is reviewing GST 2.0 proposals that include rate rationalisation, a simplified three-tier structure and extending the levy to petroleum products