GST in India
02 June 2017
The India business landscape faces a host of challenges in the indirect tax structure emanating from: Multiplicity of taxes at the Centre & State levels, Cascading of taxes, Fixation of situs of sale-Local sale vs Central Sale, Issues regarding double taxation viz. works contract, software, etc., Lack of uniform structure and processes, Cumbersome compliance mechanism
With the proposed shift to the GST regime, we see a drastic improvement in the business landscape.