BusinessPhoto: Deccan HeraldGST 3.0 Reforms Ease Input Tax Credit and Arrest Rules
The 57th GST Council meeting introduced GST 3.0 reforms focusing on simplifying processes like registration, refunds, and input tax credit (ITC). The key reform improves the seamless flow of ITC, allowing tax paid at earlier stages to be claimed as credit without tax-on-tax issues. Advances in technology now enable better invoice matching to prevent fake credit claims, easing capital lock and streamlining tax compliance.
Deccan Herald·


