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GST is in the offing and there is a lot of doubt about it in the market as well as in mind of public. Industry preparedness is waiting for definite law.
This article series is the first of many parts based on the GST Bill 2017.
Seamless credit is at the base of an ideal GST. However the present law carries forward many of the diputed and litigation prone provisions.
Textile industry has been politically protected under Central Excise. GST implementation could adversely effect the SME - job workers and traders.
GST is in the offing and there is a lot of doubt about it in the market as well as in mind of public. Industry preparedness is waiting for definite law.
The Model GST Law proceeds on the basis that all businesses need to inculcate discipline and systematic approach and to that extent would deter one from opting ..
Exports would be competitive under GST
GST will throw up many challenges. Many benefits are also available but within a time limit.
The Indian tax laws have evolved over period of time to become complicated due to the existence of the parallel economy, complicated laws, high rate of multiple taxation, large scale corruption in the State VAT administration and to a lesser extent i
Free and full credit of tax paid at earlier point is the key to success of GST. Maybe not to be?
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
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