Archive · 3 Jun 2025
Industry Pushes for GST Overhaul to Broaden Tax Base
Businesses want the government to change how it collects taxes, called GST.
They want to include things like gas, electricity, and houses.
This would mean more tax money for the government and could make taxes cheaper for everyone.
However, the government has had trouble doing this in the past because states are worried about losing money.
Industry associations are urging a comprehensive review of the GST framework.
The goal is to expand the tax base by including petroleum, electricity, and real estate.
Industry suggests a phased approach for these sectors.
Inclusion aims to reduce cascading taxes and give the government more revenue.
GST collections showed robust growth with a 16.4% increase in May 2025.
- Who
- Industry associations and government officials
- What
- Industry proposes a comprehensive review of the GST framework
- When
- Upcoming GST Council meeting
- Where
- India
- Why
- To expand the tax base, eliminate cascading taxes, and enhance compliance.
Industry Associations
States
GST Expansion
Industry Associations
Expand the tax base by including petroleum, electricity, and real estate under GST.
States
States have expressed reservations about including these items.
- May 2025 GST Collection Increase
- 16.4% YoY
- GST Council
- Considering industry's proposals
