Impact of GST in Indian economy...

Oct 1, 2017 by

The year 2016 saw one of the most incredible economic reforms in India when on 8th November midnight, all 1000 and 500 currency notes were stopped from being used. Another reform came into light when the Goods and Service Tax was introduced from the 1st of July. Ever since India got its independence, there has not been such a revolutionary change in economy and this has helped organize all the markets very effectively. Yes, there have been many debates about the effect of GST on Indian economy and how it has disrupted the demand supply balance. However, if you had to sit down and analyze the impact GST would have on the economy in 5 or 10 years, then you would be amazed to see the benefits of this tax system. So, here is...

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Why Do You Need GST Implementation Services?...

Aug 21, 2017 by

The much-anticipated tax regime kicked in on July 1 at 12 AM. The implementation of GST is believed to add 0.4 per cent to 2 per cent to GDP growth. (Source: GST explained: What is Goods and Services Tax (GST …) So, this is what is in the air nowadays in all over India. No state tax, no central tax! There is only one thing at supremacy today: Goods and Services Tax! As per the recent tax bill released in the house of parliament, every business organization & enterprise has to pay goods and services tax only one time to the Government across the nation. This GST implementation has now reformed the entire taxation system which would bring all the economies spread equally or unequally across the country to one common market. No more...

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