GST at 9: Negative sentiment near zero as businesses push for GST 2.0 reforms
Deloitte's GST@9 survey of 1,096 respondents shows 99% positive sentiment, with negatives down to 5% in 2025 from 10% in 2022. Retailers await GST 2.0 fixes on inverted duty structure, refund timelines, audit uniformity and rate simplification — all material to working capital and pricing.
What happened
GST Council · Deloitte's GST@9 survey shows near-universal acceptance of GST among Indian businesses, with negative sentiment near zero. Companies await GST 2.0
Key facts
- 99%
- 5% in 2025
- 10% in 2022
- 69%
- 54%
- 48%
- 1,096 responses
- 72%
- 70%
- 64%
- 67%
- 57%
- ₹1.94 lakh crore
Why this matters
Reduced GST friction and looming 2.0 reforms lower diligence risk on target working-capital profiles, making acquisitions of refund-heavy or inverted-duty-exposed retailers more attractive at current multiples.