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

Industry chambers are calling for the next phase of goods and services tax (GST) 2.0 to focus on unlocking input tax credit (ITC), speeding up refunds, easing compliance and reducing litigation, as the GST Council prepares to review further reforms to the tax regime.

The Council will meet on Thursday to consider the next phase of GST 2.0.