- CMS INDUSLAW Partner Shashi Mathews and Associate Lopamudra Mahapatra co-authored “GST 2.0: Why the Next Phase Must Be About Rethinking Compliance?” (published via Taxmann). The article reviews nine years of India’s GST regime, arguing the next phase must move beyond merely digitising compliance to genuinely improving the overall taxpayer experience. [linkedin.com]
- It examines practical challenges around input tax credit (ITC), the Invoice Management System (IMS), and the rollout of the GST Appellate Tribunal (GSTAT). This follows the 56th GST Council meeting (September 2025), which launched next-generation reforms, including a simplified two-tier rate structure of 5% and 18% plus a 40% demerit rate. [linkedin.com], [mondaq.com]
- The broader “GST 2.0” transition (FY 2026–27) shifts administration toward system validations over manual assessments, emphasising real-time reconciliation, vendor-level compliance monitoring, data consistency across returns, e-invoice authenticity, and ITC risk profiling—raising the cost of non-compliance for corporates, SMEs, exporters, and service providers alike. [taxguru.in]
Sources: CMS INDUSLAW – LinkedIn post · The Big Bang Reforms: GST 2.0 – Mondaq · GST 2.0 practical compliance changes
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