KPMG in India is an approved GSP service provider

Taxes are the primary source of income for governments around the world. In India, indirect taxes contribute a major portion to the revenue of both Central and state governments.

India being a federal country, has adopted a dual GST structure wherein multiple rates are being levied on goods and services to meet the interests of various states. Post introduction of GST on 01 July 2017, the Government issued various clarifications and amendments in the GST law, including introduction of applicability of e-invoicing, full matching of input tax credit, etc., which require constant monitoring of such changes by the businesses, which in turn calls for changes in their systems and processes. Businesses are expected to be aware of the GST implications that affect their dynamic business models and comply with statutory compliance requirements.

It is no secret that the focus of the Indian government today is to make India as the manufacturing destination of the world, in line with its “Make in India” and “AtmaNirbhar Bharat” agenda. To achieve this objective, Central government is increasing customs duties on various final products and simultaneously reducing customs duties on raw materials. In addition, Central government has also launched Production Linked Incentives (PLI) schemes for various sectors and is also entering into new free trade agreements (FTA) such as Comprehensive Economic Partnership Agreement (CEPA) between India and United Arab Emirates (UAE). Besides Central government initiatives, state governments also provide various incentives to businesses on setting up manufacturing facilities in their state.

The journey of introducing such initiates till date has been a commendable one and is thereby moving India closer to achieving its objectives.

Goods and Services Tax

Advancing Goods and Services Tax (GST) through automation, seamless credits and simplified compliance

Why select KPMG in India?

It is beneficial for businesses to avail the benefit of various incentives given by Central government and state governments. In order to avail the benefits under the various schemes, businesses are not only required perform feasibility analysis but also would require doing the various compliances at the time of filing application for selection and disbursement of incentives.

We, at KPMG in India, have a team of experienced indirect tax professionals with wide-ranging experience and in-depth knowledge on the subject. We can help clients in all the above aspects wherein we offer a broad range of services including indirect tax planning, compliance assistance, indirect tax outsourcing, representation and litigation support, assistance in obtaining incentives under PLI schemes, various Central government schemes linked to investments in India and state incentive schemes, etc.

The indirect tax services that we offer also include the following:

GST/customs advisory and representation
GST digital compliance assistance (ASP) – KPMG GST Compliance Pilot
GSP services
Technology enabled GST Diagnostic review - Tax Intelligence Solution (TIS)
Indirect tax health check
Assistance in investigations / tax dispute
Retainership

Customs and foreign trade policy assistance
EPC structuring
State incentives related assistance
Production Linked Incentives related assistance
Other greenfield/ brownfield expansion related incentives
Private bonded warehouse and special warehousing licence services
GST credit analysis

Indirect Tax

The introduction of Goods and Services Tax (GST) is characterised by a marked shift from the present origin-based taxation to that of consumption-based taxation.

International Tax Review Awards 2025

India Indirect Tax Advisory Firm of the Year 2025

KPMG in India has been recognised as ‘India Indirect Tax Advisory Firm of the Year 2025’ by International Tax Review (ITR). This recognition is a testament to KPMG in India’s deep understanding of the dynamic tax landscape and the confidence our clients place in us.

India Tax Disputes Advisory Firm of the Year 2025

KPMG in India has been awarded as ‘India Tax Disputes Advisory Firm of the Year 2025’ by International Tax Review (ITR). This win reflect the hard work, expertise, and commitment of KPMG in India’s team in delivering trusted and innovative solutions to our clients!

Our service offerings

Goods and Services Tax (GST) is among the big tax reforms introduced in the history of the Indian fiscal evolution

Indirect tax outsourcing covers excise, service tax, VAT and EOU/SEZ legislations, wherein KPMG in India helps the client with indirect tax compliances which inter alia include tax computation, preparation of returns, filing of returns

Review of a company’s data for a sample period from an indirect tax perspective to identify gaps in compliance, existing tax exposures and identify avenues for indirect tax savings, if any.

Analysing current tax disputes, identifying disputes with remote or no chances of success, advising on indirect tax related positions to be adopted and the way forward based on sound tax and commercial reasons, assisting in preparation of appeals and assisting counsel in proceedings at all levels, including from the stage of Tribunal, to the High Court and the Supreme Court of India

On-call advisory services on specific issues/queries raised in the course of day-to-day operations related to indirect taxes.

Advise and assist in claiming the potential benefits on imports from specified countries under a particular FTA

Study and conduct a comparative analysis of incentives available in various states under consideration and to identify the most suitable option

Identify the probable impact on Erection, Procurement and Construction (EPC) contracts

An interplay of business, regulatory and compliance aspects

Driving growth with Tax trends

Import-led GST momentum calls for deeper demand analysis
Accessing impact, challenges and reform imperatives
FICCI conference 2026
GST framework and compliance burden
GST collections rise in May 2026
Tax dispute resolution roadshow
Petrochem import duty waiver critical amid market volatility
India advances toward growth
GST data signals better enforcement and steady momentum
Impact of GST 2.0 Rate Rationalisation
Tax Dispute Resolution - Trends and Beyond

Abhishek Jain

Partner and National Head, Indirect Tax

KPMG in India

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July’s GST collections were driven significantly by imports, but the headline number warrants a closer look. The real insight lies in understanding whether growth stemmed from finished goods or productive inputs, and how much was influenced by a weaker rupee inflating import values rather than a genuine rise in volumes and demand.

Abhishek Jain

Partner and National Head, Indirect Tax

KPMG in India

mail

GST has matured considerably through greater digitisation and transparency, creating a more unified and efficient indirect tax framework. As businesses increasingly adopt digital and AI-enabled solutions, an integrated GST ecosystem with greater automation, streamlined processes and reduced manual intervention will be critical to enhancing taxpayer experience and unlocking the full potential of GST.

Anshul Aggarwal

Partner, Indirect Tax
KPMG in India

GST has matured considerably through greater digitisation and transparency, creating a more unified and efficient indirect tax framework. As GST 2.0 evolves, focus areas such as dispute resolution, refund of accumulated credit in inverted duty structure and stronger industry-government consultation will be critical in proactively addressing emerging issues. An integrated GST ecosystem with greater automation, and reduced manual intervention will be key to enhancing taxpayer experience and unlocking the full potential of GST.

Abhishek Jain

Partner and National Head, Indirect Tax

KPMG in India

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The inverted duty structure remains one of the biggest unresolved issues under GST. The government should work towards bringing petroleum products, electricity and real estate within the GST framework to enable seamless credit flow and reduce tax cascading. The GST Council should consider allowing businesses with multiple state registrations to be covered under a single audit and assessment process to reduce the compliance burden.

Abhishek Jain

Partner and National Head, Indirect Tax

KPMG in India

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May 2026 GST collections align with the global and domestic news broadly. While import GST has recorded a near 20% growth, this may also be attributed to rupee depreciation.

Adjusted for the one-time telecom payment in the base, domestic collections reflect moderate growth in line with prevailing economic conditions. It is heartening to see the continued momentum in export IGST refunds, which plays an important role in supporting exporter liquidity and keeping India’s supply chains competitive.

Abhishek Jain

Partner and National Head, Indirect Tax

KPMG in India

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GST litigation continues to be driven by ITC complexities, interpretational ambiguities, enforcement overreach and lengthy and onerous dispute resolution process underscoring the urgent need for clearer law, consistent jurisprudence, quicker dispute resolution and a balanced approach that fosters both compliance certainty and ease of doing business.

Abhishek Jain

Partner and National Head, Indirect Tax

KPMG in India

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Amid heightened global uncertainty, the petrochem import duty waiver provides timely cost relief for industry. By easing input pressures, it supports manufacturers navigating supply chain volatility. Targeted interventions like these can help sustain production momentum while strengthening operational resilience.

Abhinay Kapoor

Partner, Tax-Indirect-DEL
KPMG in India

India continues to focus on trade facilitation, market resilience, and quality conformity as it steadily advances toward a USD10 trillion economy. The recent relaxations to the BIS licensing and regulatory framework, and the attempt of their deeper integration with international trade and customs disciplines, reflect India’s intent to build a more robust, transparent, and competitive ecosystem.

These developments not only strengthen regulatory confidence but also make India an increasingly compelling destination for manufacturers, global value chains, and investors seeking long‑term stability and growth.

Abhishek Jain

Partner and National Head, Indirect Tax

KPMG in India

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GST data signals improved enforcement and compliance. An 8.1% rise in monthly GST collections post GST 2.0 rate rationalisation signals steady economic momentum and improved compliance. The growth reflects a combination of resilient consumption supported by GST rate rationalisation, formalisation of businesses, and better enforcement through technology-driven monitoring.

Abhishek Jain

Partner and National Head, Indirect Tax

KPMG in India

mail

The sharp increase in e-way bills signals an improvement in overall consumption, driven by rate rationalisation under GST 2.0. This level of growth is uncommon for December and reflects the impact of significant rate cuts.

Abhishek Jain

Partner and National Head, Indirect Tax

KPMG in India

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As GST assessments become increasingly tech-driven, the risk of tax disputes escalating into business disruption is real. Organisations and professionals are recalibrating strategies to navigate this evolving landscape - leveraging technology, strengthening compliance frameworks, and preparing for large-scale dispute management. Proactive compliance and strategic dispute resolution are no longer optional -they’re essential for resilience in today’s GST regime.

Hear from the experts

Webinar on the latest tax and regulatory developments impacting not-for-profit organisations. This session aimed to spotlight recent amendments, consequential compliance requirements and key points going forward

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KPMG in India, in collaboration with KPMG in the UK, organised a webinar on the India–UK CETA, covering trade and business implications, process readiness and building a CETA-compliant ecosystem

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As GST enters its next phase, focus should shift to making compliance easier and broadening the tax base. Bringing excluded sectors into GST and simplifying audits and assessments can reduce litigation

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Abhishek Jain in conversation with PTI News about industry expectation from Budget 2026 on GST-style simplification in customs duty structure.

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The focus of the finance minister on indirect taxes seems to be customs. For an importer, multiple tariff slabs cause complications in classification, structure, and disputes related to the rate of customs duty

Watch on PTI News

KPMG in India’s organised a webinar on 56th GST Council meeting, spotlighting rate rationalisation and compliance shifts. Experts shared actionable insights to help businesses adapt to the evolving GST landscape.

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Abhishek Jain shares his views on India’s latest GST rate rationalisation, in conversation with ET NOW.

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Abhishek Jain, KPMG in India, shares insights on the new GST reforms, where centre proposes simplified GST structure in conversation with NDTV Profit.

Watch on NDTV Profit

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