GST Ready India

GST Ready India’s Latest News and Updates

  • 15 Jun

    An estimate issued by the finance ministry holds some good news for the devotees across India. The estimate has claimed that goods used in Puja and other Hindu rituals, such as havan, would be exempt when the Goods and Services Tax kicks in from July 1st. Post Adtiyanath Yogi’s proposal, the GST council has decided

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  • 24 May

    The GST in India is going to be implemented from 1st July 2017. By pushing forward this biggest tax reform to the next level, GST Council has decided the tax rates of 1,211 items on 18th May in Srinagar. Total 18% indirect tax is decided for majority of the consumable items whereas the price of

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  • 18 May

    With India introducing a multi-tier taxation system, the varying tax rates have some major implications for Indian businesses. Four rates have been proposed for GST: 5%, 12%, 18% and 28%. Given the emphasis on making GST a progressive tax, it is expected that essential items will be taxed at lower rates, while luxury goods will

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  • 06 May

    The implementation of the Goods and Services Tax (GST) will likely prove to be a challenge for the huge Indian banking sector due to the vast geographical reach of most banks. With the GST coming close on the heels of demonetization, the banking sector needs to ensure that they are ready for this new tax

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  • 27 Apr

    The government has embarked on the last lap of escorting in the ambitious goods and services tax (GST) regime in India. The GST is one of the biggest reforms to the Indian economic set-up in recent times. It seeks to simplify the taxation of trade in goods and services, reducing processes and increasing the ease

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  • 25 Apr

    The challenge is intimidating when an economy of more than 1 billion consumers and 9 million businesses - all functioning beneath an umbrella of taxes, esoteric regulations and rival political ambitions, is converted into an integrated common market. But that’s the goal as India gets ready to roll out a goods and services tax (GST)

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  • 14 Apr

    Goods and Services Tax (GST) being the largest indirect tax reform in Indian tax history is on the verge of implementation. The common elation around the bill is that the GST will be a boom time for industry. As a consequence, it has been argued that GST will pep up the rate of industrial growth

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  • 05 Apr

    The Goods and Services Tax (GST) will subsume central excise, service tax, VAT and other local levies and make India one market for a seamless flow of goods and services. As approved by the Lok Sabha, the Central GST (CGST) law, provides an 'anti-profiteering' clause to ensure business passes on the benefit of reduced tax

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  • 31 Mar

    GST is going to offer a uniform tax structure in the country by merging diversified existing indirect taxes into single payable component. Removing old and several layers of taxes like VAT, excise duty, state-level tax, luxury tax, etc. is crucial as these create complexity both at the tax payers’ and receivers’ sides. Various analytical studies

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