Goods and Services Tax (GST): All About GST

Sunday, November 6th, 2016 Amritesh no responses

Goods and Services Tax (GST) is the most awaited indirect tax reforms in India. It is aimed at removing various points of tax levy which has a cascading effect and would simplify the tax barriers. Indirect Taxes are imposed by the Central Government as well as the State Government. The current setup has number of tax barriers which is confusing for the layman to decode. GST is the much needed tax reform which will simplify the Indirect Tax regime. India has been trying to replace the prevalent tax regime as we are liberalized economy and tax barriers act as a hindrance to the growth of the economy.  Goods and Services Tax (GST) will impact the entire gamut of Business Activity and…