Tag: GOODS

GST figures: Over 10 lakh new registrations approved, another 2 lakh in process

‘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: An idea whose time has come!

We are now just days away from the rollout of the goods and services tax (GST) on July 1 — the most ambitious indirect tax reform ever attempted in modern India. Yes, the design is far from perfect (given the multiplicity of rates), yet it is a visionary idea on which, amazingly, there is politic…