India's GST Council Delays Stall Reforms, Block Working Capital - Whalesbook

GST Council Delays Compound Reform Issues The extended delay in Goods and Services Tax (GST) Council meetings is raising serious questions about the effectiveness of recent GST 2.0 reforms. While designed to simplify tax rates, these changes have unintentionally caused or worsened tax imbalances. The main issue is the 'inverted duty structure,' where taxes on business inputs are higher than on fin…