New Delhi | June 2025 | Viksit Bharat News

As Goods and Services Tax (GST) completes eight years since its historic rollout in 2017, a recent Deloitte survey shows that Indian businesses and industry leaders are showing increased confidence in the indirect tax system.

What began as a bold and controversial reform is now being hailed as a unifying fiscal architecture that has not only simplified compliance but also helped India build a more transparent, digitized, and efficient economy.

Key Findings from the Deloitte Survey

• Majority of respondents believe GST has improved tax compliance and revenue visibility

• Businesses noted reduction in cascading taxes and greater ease in interstate operations

• A rising percentage support further rationalization of tax slabs and better technology integration in GST systems

• Stakeholders are hopeful that petroleum and real estate sectors will soon come under GST ambit for full efficiency

🇮🇳 GST as a Foundation of Viksit Bharat

At Viksit Bharat News, we see GST as more than a tax — it's a symbol of India's economic integration and digital leap.

In the last eight years, GST has:

• Unified 17 different taxes and multiple cesses into a single, nationwide system

• Created the GSTN digital backbone, streamlining returns and refunds

• Empowered MSMEs and startups with simpler structures and faster compliance tools

• Enhanced cooperative federalism, with Centre and States sharing revenues and responsibilities

What Lies Ahead: Reform 2.0

While confidence is rising, the journey is ongoing. Experts advocate:

• Simplifying tax slabs further (from 5 to 3 slabs)

• Integrating petroleum and alcohol sectors under GST

• Strengthening the appellate tribunal system for faster dispute resolution

• Introducing real-time analytics and AI-based tax monitoring for smarter governance

Conclusion: GST at 8 — From Growing Pains to Growth Engine

India’s GST is no longer just a reform — it is a structural pillar for a Viksit Bharat, where ease of doing business, transparency, and digital-first governance are the new normal.

Viksit Bharat News applauds the resilience of Indian taxpayers, the adaptability of businesses, and the vision of policymakers who dared to unify India's diverse tax landscape — one nation, one tax, one future.