8 Years of GST: Industry Seeks Tax Clarity, Rationalisation - PwC

As GST completes eight years, a PwC report outlines key reforms needed to simplify the tax system and support India's evolving economy.

- TBG NETWORK

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.