India Inc’s confidence in GST rises to 85% in 2025: Deloitte survey

As GST in India completed eight years on June 9, corporate confidence has recorded an increase of 26 percentage points in three years, a private survey result showed. The survey simultaneously suggested five areas of improvement, including rate rationalisation to be taken up on priority.

The survey, conducted by tax advisory and consultancy firm Deloitte, said India Inc’s confidence in GST has gone to 85 per cent in 2025 against 59 per cent in 2022. This is the fourth consecutive year of growing positive sentiment, reflecting continued confidence and adaptability with the tax regime, the firm said. The positive outlook was attributed to factors such as simplification and transparency in tax processes, unlocking value through seamless flow of Input Tax Credit (ITC) to reduce overall tax burdens, subsuming legacy taxes, removing State check posts and enabling technological solutions for easier compliance and standardising processes across states besides improving refunds and ensuring strong government portal connectivity.

The survey was conducted among C-suite and C-1 level executives and they were urged to share their views on 34 questions. It collated 963 responses from 8 industries comprising consumer; technology, media and telecommunications; energy, resources and industrials; banking and other financial services; life sciences and healthcare; government and public services; private equity and venture capital sector; and global capability centres.