The government does not intend to use the “hammer” immediately to pull down prices, leaving it to market forces to guide companies to pass on the benefits of goods and services tax (GST) to consumers. “Competition will force them to fall in line. You don’t have to use the …
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Why Indian start-ups are looking abroad
When Avijit Sarkar was planning to set up a fintech start-up last year, he wanted to do it in the US, so that he would have access to a larger market. But, he soon realised that the incorporation expenses were high, and getting a visa could be difficult. He came across Estonia’s startup pro…
GST will not lead to rise in inflation, will benefit small biz: Hasmukh Adhia
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…
GST rolled-out! Industrialists & SMEs anxious, yet look forward to business without borders
India now breathes as a reformed nation. With the push of a button, President Pranab Mukherjee and Prime Minister Narendra Modi rolled out India’s biggest tax-reform – Goods and Services Tax (GST) on July 1 at Central Hall of Parliament in a special mid-night joint session. With the implementatio…
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…
MSME Minister bullish on success of GST; Assures govt consideration on genuine issues
Union MSME Minister Kalraj Mishra has congratulated Prime Minister Narendra Modi and Finance Minister Arun Jaitley on the successful roll-out of GST and hailed it as India’s biggest tax reform. Bullish over the success of this new tax reform, Mishra assured that government will be considerate on …
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…
History made, India awakens: Nation’s biggest tax reform ‘GST’ is on the roll now
At the stroke of the midnight hour, India has awakened as a common market for the first time. The 17 year-journey of historic Goods and Services Tax (GST) has finally come to an end, as President Pranab Mukherjee and Prime Minister Narendra Modi rung the bell of new India and rolled-out ‘One Nati…