Ringing In GST (India) Part-1

Ringing In GST (India) Part-1

The Goods and Services Tax [GST], is the Biggest reform in India’s indirect tax structure since independence and also since the economy began to be opened up 25 years ago, at last looks set to become reality, which will facilitate the movement of commodities and lead to expansion of economic activity. GST will not only aid the ease of doing business in India but also re-engineer business processes of companies. GST would most positively impact the organised Manufacturing and the Make in India campaign for goods. It may also lead to a new thinking on the role of tax incentives in India. Through this short note, Vivek Gambhir, our CFO Partner from Delhi shares with you all the key aspects around the proposed GST legislation and how it would impact businesses going forward.

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