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Will GST become a Reality in India ? Implications

July 21, 2016

The Goods and Services Tax (GST) aims to simplify and unify India’s current indirect tax regime (by removing the complexity of multiple state/central taxes and a multitude of exemptions, and ensuring a seamless flow of input tax credit in the value chain), thus we believe that its implementation will be a game-changer for India. Apart from simplifying the indirect tax structure, the GST should help to create “One” India by eliminating geographical fragmentation. While the government has been trying to implement a GST for the past five-six years, it has never been so close. The constitutional Read more

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