The Economic Times

GST reforms: Refunds, wider ITC mark third phase of reform as India targets global supply chains, says PwCs Pratik Jain

PwCs Pratik Jain said the GST Councils latest measures mark the third phase of the tax reform, shifting focus to bolder policy changes and ease of doing business. He said wider refunds for input services and capital goods, along with ITC on employee insurance, could ease working-capital stress and lower costs.