Transforming India’s Goods and Services Tax Landscape

India’s GST regime is poised for a major transformation following the Hon’ble Prime Minister’s 79th Independence Day announcements. Key changes target structural reforms such as inverted duty structure, resolving classification disputes, and proposals for GST rate reduction. On compliance, the proposals suggest simplified registrations, digitized returns, and automated processing of refunds. These reforms reflect the Government’s continued commitment to establish a stable, transparent, digitized and investor-friendly tax environment that supports ease of doing business and drives economic growth, making it globally competitive.

In this background, ELP’s Senior Partner, Mr. Nishant Shah and Principal Associate, Mr. Yash K Desai author an article titled “Transforming India’s Goods and Services Tax Landscape”, published by Financial Express, which discusses the forward-looking changes set to enhance structural efficiencies, simplify tax rates, and make compliance more seamless for businesses.