New Delhi, Aug. 19 -- Indian businesses are preparing for significant changes as the government's proposed Goods and Services Tax (GST) revamp is set to roll out in October.

Industry experts warn that the transition will be complex, especially with the festive season approaching.

Companies will need to manage pricing adjustments, supply chain restructuring, and IT system upgrades simultaneously.

Key sectors such as FMCG, textiles, consumer durables, auto, and pharma are expected to feel the maximum impact. Manoj Mishra, Partner at Grant Thornton Bharat, noted that firms facing inverted duty corrections will need to carefully manage cash flows and working capital.

He emphasised that ERP platforms must be quickly reconfigured to reflect...