Proposed GST changes positive for business: Experts

 Proposed changes to the GST regime are expected to benefit businesses, improving cash flow and refunds. A refund on accumulated GST for input services and capital goods may help manufacturers significantly. The GST Council will discuss the rationalization of ITC, which has long been an issue for businesses. Decriminalization of certain GST provisions aims to create a more business-friendly environment in India. Proposed changes to the GST regime are expected to benefit businesses, improving cash flow and refunds. A refund on accumulated GST for input services and capital goods may help manufacturers significantly. The GST Council will discuss the rationalization of ITC, which has long been an issue for businesses. Decriminalization of certain GST provisions aims to create a more business-friendly environment in India.