India Inc backs GST at 9, but retailers flag refund delays and audit inconsistencies
Deloitte's GST@9 survey of 1,096 business leaders finds 99% positive or neutral sentiment, yet 87% want interpretational clarity, 61% seek audit uniformity and 36% demand faster refunds — pressure points squeezing working capital for retailers and MSMEs as next-phase reforms loom.
What happened
GST Council · Deloitte's GST@9 survey of 1,096 leaders shows 99% positive/neutral sentiment but flags slow refunds, audit inconsistencies and inverted duty
Key facts
- 99% positive/neutral sentiment
- 1,096 respondents
- 87% seek interpretational clarity
- 61% want audit uniformity
- 36% want faster refunds
- taxpayer base grew from 66.5 lakh to 1.65 crore
Why this matters
Use refund-delay exposure as a diligence lens on acquisition targets—MSME retailers with stretched GST receivables may signal valuation upside if integrated into stronger tax infrastructure.