Tag: tax

GST will hit small businesses & push Chinese imports: SJM

Days ahead of the launch of GST, the RSS’s economic wing SJM has said the new indirect tax regime will “badly hit small businesses and push Chinese imports“. As the date of implementation of GST is approaching, the heartbeats of small entrepreneurs and traders are increasing, Sw…

The flip side of GST: Its impact on the informal economy

The markets are gung-ho about the shift to the goods and services tax (GST). One factor driving this optimism is the anticipated shift of business from small, unorganized firms in some sectors to organized ones. Since the latter are already in the formal economy, comply with regulations, are gene…

How GST will be a turning point for SMEs

Introduction of the Goods and Services Tax (GST) after a decade-long deadlock is a welcome measure for Indian small and medium enterprises (SMEs). India’s approximately 51 million SMEs are vital for its economy, contributing 45 per cent to the country’s GDP and employing 450 million people. GST h…

GST will be a tough job, but not for the reasons you think!

Are you a businessman? If you are, then it’s statistically likely that you cheat on taxes. From the roads you drive on to the army that defends you, your share is partly paid for by others, mostly by salary-earners who can afford it less than you can. Don’t get offended but the fact i…