GST Reforms 2025: To What Extent Have They Impacted Cooperatives?
The year 2025 marks a new phase in India’s economic and tax reforms, with the Government introducing significant changes to the Goods and Services Tax (GST) framework. While the reforms are expected to streamline compliance, boost transparency, and expand the tax base, their implications for the cooperative sector remain a subject of deep discussion. Cooperatives, being unique member-driven institutions that straddle both social and business objectives, are positioned at a critical juncture. The question that arises is—to what extent will the new GST reforms impact cooperatives?