India Inc gives thumbs up to GST, but says long way to go in fixing issues

GST-related litigation set to rise as companies and the government differ on tax rates and data reconciliation

Goods and services tax, gst

Photo: Shutterstock

BS Reporters Mumbai
While India Inc is largely positive about the Goods and Services Tax (GST), which completes five years of operation on July 1, most CEOs say that a lot more needs to be done to fine-tune the tax rates and reduce litigation.

Industry leaders in various sectors say that though the GST has been a good piece of reform, there ought to be more rationalisation and clarity on the tax rates.

“For instance, the GST charged on railways and metro projects is at the rate of 12 per cent. However, we end up paying 28 per cent on inputs such as

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 23 2022 | 8:40 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to