India followed Modiji on social media to all the places he visited worldwide but is it ready to follow him on streets of tax reforms when it comes to GST? Worry not, Narendra Modi is an excellent piper who’ll lure rats and children alike.
When GST rolls out this July 1st, businesses of all size, scope and ambition are ought to be affected. Implementation of GST brings along with it transformational transactional changes. Various individual taxes like the Excise Tax, VAT, Entertainment tax, Service tax, Octroi and all those which you have been paying will be transformed into one single tax that is GST (Goods and Service Tax). (more…)