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Opinion News

The Economic Times

Opinion / The Economic Times

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GST 2.0 revived demand. Now industry wants its tax credit unstuck

The GST Council is set to reconvene after a year to focus on reforming the input tax credit system. Recent surveys by KPMG and Deloitte highlighted the need for structural changes to alleviate business burdens. Blockages in the current GST system affect costs for domestic producers, making imports more competitive. A single-rate structure may be a long-term solution to these challenges.

30 Sep 2026 12:06 am