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8 Years of GST: Industry Seeks Tax Clarity, Rationalisation - PwC
The Business Guardian
|July 01, 2025
As GST completes eight years, a PwC report outlines key reforms needed to simplify the tax system and support India's evolving economy.
As India's Goods and Services Tax (GST) completes eight years since its launch in July 2017, a report by PwC highlights the key demands and reforms expected by the industry going forward.
The report comes at a time when GST collections are exceeding Rs 2 lakh crore a month, prompting businesses and experts to push for changes to make the tax system simpler, more stable, and better aligned with a growing and evolving economy.
According to the report, rate rationalisation, reducing the number of GST rate slabs and taxability of emerging sectors remain among the top demands of the industry.
This story is from the July 01, 2025 edition of The Business Guardian.
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