GST at nine: retail braces for next-wave reforms on ITC, inverted duty and e-commerce registration
As GST enters its tenth year, industry expects reforms targeting input tax credit clarity, inverted-duty fixes for FMCG, pharma and EVs, simplified registration for e-commerce suppliers, and an operational Appellate Tribunal—directly reshaping retail compliance and pricing. June 2026 net GST rose 11.2% YoY to Rs 1.62 lakh crore.
On GST's ninth anniversary, industry anticipates next-wave reforms including ITC clarity, inverted-duty fixes for FMCG/pharma/EVs, simplified registration for e-commerce suppliers, and Appellate Tribunal operationalisation—all materially affecting Indian retail compliance and pricing.
Why this matters
Follows GST@10 signals on two-tier 5/18% slabs and AI-led compliance reshaping retail pricing, and Deloitte's GST@9 survey where 99% of India Inc backed GST but flagged refund delays and audit friction.
Retail-company theme accelerating at +472600% QoQ.