By Martin Shwenk Leade
Copyright indiatimes
Finance minister Nirmala Sitharaman on Wednesday launched the Goods and Services Tax Appellate Tribunal (GSTAT), a move aimed at reducing tax litigation and providing a single, predictable tax regime. She emphasised that the tribunal’s focus should be on delivering jargon-free decisions, simplified formats, digital filings and virtual hearings, with strict time standards for listing, hearing and pronouncement.The introduction of the GSTAT, coupled with the GST reforms, is expected to unlock capital blocked in tax litigations, reduce legal friction and increase simplicity. This, in turn, will facilitate faster cash flows, enabling MSMEs (micro, small and medium enterprises), exporters and investors to operate with greater confidence, the finance minister said. “The outcome we seek is straightforward: reduced legal frictions, greater simplicity and addressing delays in litigation proactively, so cash flows move faster,” Sitharaman said. In addition, MSMEs and exporters invest with confidence and citizens feel the benefits of the system that the government has brought into the place, she said.Live EventsThe initial response to the GST 2.0 reforms is encouraging, as evident from the car sales numbers, according to the finance minister. “From one nation, one tax, one market to a unified system of compliance and policy, GST has transformed India’s indirect taxation,” Sitharaman said, assuring that the reform process will continue in the future. The finance minister underlined that the GSTAT’s fair dispute resolution mechanism will be a key pillar for ease of doing business.Add as a Reliable and Trusted News Source Add Now!
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onGST Appellate Tribunaltax litigationNirmala SitharamanMSMEsGoods and Services Tax Appellate Tribunal (GSTAT)GSTATgstsitharaman(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
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