The government on July 1 swayed concerns that the Goods and Services Tax (GST) would lead to higher inflation if businesses do not pass on the benefits to consumers saying that the competition itself will take care of any disparity in prices. Speaking at ‘GST Doosri Azadi’, a conclave on GST…
‘Leg-up for SMEs as GST ends tax arbitrage’
The rollout of goods and services tax (GST) is expected to level the playing field for small and medium enterprises (SMEs) by reducing the tax arbitrage. True, at least in the immediate term, compliance costs will shoot up as GST requires registration and filing of returns in multiple states. Als…
GST Impact: Here is what will get cheaper or costlier with rollout
GST launch in India: The Goods and Services Tax (GST), one of India’s biggest reform in tax structure, at last, became a reality from July 1. The tax reform was launched when the clock struck 12 on June 30, and the Goods and Services Tax will irreversibly impact the price of all kinds of pr…
Small businesses survive because they have sense of enterprise: Vallabh Bhanshali, Enam Group
Enam Group’s Chairman, Vallabh Bhanshali describes how GST will have a difficult transitional impact on the markets and traders as well as provide new opportunities in the investment arena. Edited Excerpts: Q: GST is seen as the most revolutionary reform since India’s liberalisation in 1991…
Top 5 GST Software in India to help companies & businesses
As the new GST implementation is out, businesses are getting ready with the new tax regime. Businesses and companies in India are banking on new softwares for the new goods and services tax. Here are the top 5 GST Softwares in India which helps you with GST Compliances, Invoicing and Auto-Calcula…
GST Council to review GST rollout on August 5
The all-powerful GST Council will review the implementation of the Goods and Services Tax as also levies on some of the items on August 5. “The review meeting of the GST Council would be on the August 5,” says Central Board of Excise and Customs Chairperson, Vanaja N Sarna told PTI. T…
Textile industry infused with zero-defect, zero-effect: PM Modi
Prime Minister Narendra Modi on June 30 inaugurated Textiles India 2017 Exhibition and Summit organized at Mahatma Mandir in Gandhinagar, and asserted that the textile industry is being infused with the mantras of skill, scale, speed’ and ‘zero-defect ,zero-effect’ policy. Addre…
GST Timeline: A look at the 17-year journey of historic Goods and Service Tax
GST rollout: India is all set to rollout the historic Goods and Services Tax (GST) during a special joint midnight session of Parliament today. For 17 years, the idea of ‘One Nation, One Tax’ witnessed several delays, heated politics and more. But the time of GST has now arrived. Prime Minister N…
GST for SMEs: Four advantages & four concerns
Goods and Service Tax (GST), a broad indirect taxation regime, is only a few hours away from its rollout, and Small and Medium Enterprises (SME) will be the ones most directly impacted by GST implementation. Its impact will be constructive as well as unfavourable in ways more than one. It will br…
GST Rollout: People have nothing to fear; everyone will be benefited, says Hasmukh Adhiya
With the government all set to roll out Goods and Services Tax (GST) today midnight, Revenue Secretary Hasmukh Adhiya has said that people should not believe in any false information and that everyone will benefit from it. “People should not believe in any misinformation as it is a tr…