The government is on a war footing to push the passage of the Goods and Services Tax (GST) in this Parliament session. And as we look forward to the GST becoming a reality.
The GST or the Goods and Services Tax, is a new tax regime being introduced in India and will be levied on all transactions of goods and services made for a consideration.
The Economic Survey 2016-17 (ES) that was tabled yesterday (January 31, 2017) acknowledges that last year was marked by two major domestic policy developments
The GST regime has the potential to change the Indian reporting framework for good. The benefits are for all to enjoy: Enterprises, Regulators and the Banking system.
