The Economic Times

GST 2.0: From stuck tax credit to fewer disputes, industry chambers list key reform demands

GST 2.0 reforms are being advocated by industry chambers to improve input tax credit and streamline compliance processes. Businesses desire changes that would expedite refunds, broaden ITC eligibility, and reduce litigation issues. A more automated GST system is sought to alleviate working capital constraints and simplify registration and returns for small businesses. Real estate developers also seek clarity on ITC and faster credit releases to enhance project viability.