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How India’s GST differ from other Countries

INTRODUCTION The Goods andService Taxis taking India by the storm. Touted to bring in the one nation one tax system, GSTwill unites indirect taxes under one umbrella and facilitate Indian businesses to become globally competitive. Though much has been said about the GST will make tax collection efficient, reduce corruption and make the nter-state movement […]

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GST

GST- An Introduction

INTRODUCTION Goods and Service tax (GST) is one Indirect Tax for whole nation, which will make India one unified market. GST is a single tax on the supply of goods and services, right from the manufacturer to the customers. It was itntroduced as The Constitution (One Hundred and one ammendment) Act 2016, following the passage […]

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GST and Its Implementation

Steps of Implementation The GST roll-out proposed for implementation from 1 July 2017, is close to finally becoming a reality with a plethora of developments paving the way for its implementation. Post the Parliaments winter session, the key highlights of the progression towards GST implementation are: The GST Council in its 10th meeting, which was […]

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Can GST Bill really kill the kachcha bill system?

Speaking on the passage of the GST Bill in Parliament, Prime Minister Modi acknowledged the existence of the kachcha bill system in India with a touch of humour. While the attending Parliamentarians responded with equal humour, the sheer magnitude of money that bypasses the government exchequer each year is no laughing matter. India has a […]

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