Proposed Reforms in GST in Finance Bill 2025: A Critical Study

The adoption of the Goods and Services Tax (GST) in India was a game-changing step towards reforming the country's complicated indirect tax structure. An only tax would be imposed on all goods and services. Approximately 160 nations have implemented GST. GST will provide a comprehensive tax base with limited exemptions, thereby supporting the industry. GST will improve the economy's efficiency by lowering tax accumulation, since it will erase all tax barriers between states and integrate the country with a single tax rate. Since the introduction of GST, various revisions have been made as needed. The Finance Bill, 2025, also proposes many regulatory amendments and enabling provisions under GST that are consistent with the GST Council's suggestion at its 55th meeting. The study focuses on the amendments made in GST in the Finance Bill 2025.