GST reforms in India: wider refunds and ITC mark third reform phase, says PwC
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
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…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishIndian GST reforms expanding refunds and ITC could ease working-capital stress and lower business costs.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01GST Council measures mark third phase of Indian tax reform with focus on bolder policy changes.
- 02Wider refunds for input services and capital goods, plus ITC on employee insurance, could ease working-capital stress.
- 03Reforms aim to ease business operations and attract global supply chains to India.