The Government circulated draft of the GST Model Law requesting for suggestions from the industry. The industry and experts have been poring over the draft. The article seeks to highlight the need to reconsider one of the provisions related to… Read more
Category: GST
GST’s impact on telecom sector
Pursuant to the Digital India initiative to transform the country into a knowledge economy, the telecom industry is expected to experience further growth, fuelled by increased non-voice revenues and higher penetration in the rural market. There are three segments in… Read more
GST and currency ban
In the first two and a half years of this government, the common refrain was that reform has been incremental rather than radical. That perception has been punctured by two big-bang measures. The GST, which was a reform in the… Read more
GST effect: exemptions likely to be pruned
While the introduction of Goods and Service Tax (GST) law would be at the top of the priority list of the government, the time lag before implementation of GST provides an opportunity to align the current tax system to the… Read more
GST’s impact on the ordinary consumer
The ambitious goods and services tax (GST) may be a reality soon. GST will de-shackle India of its complex indirect tax structure and enable a single unified indirect tax structure subsuming majority of the indirect taxes in India, which will… Read more
What GST brings with it?
GST is a destination-based tax that will replace the current Central taxes and duties such as Excise Duty, Service Tax, Counter Vailing Duty (CVD), Special Additional Duty of Customs (SAD), central charges and cesses and local state taxes, i.e., Value… Read more
GST will end cascading of taxes, may reduce overall prices: Hasmukh Adhia
The overall incidence of tax will be reduced with multiple existing levies, such as excise duty, central sales tax, entry tax, value added tax (VAT), and service tax being subsumed into single rate GST. The country’s biggest tax reform Goods… Read more