Goods & Services Tax

Two major business and economics related news has surfaced, which has the power and capability to shake up the entire structure of FMCG and food industry. Up to 290% Cess On Tobacco Products? After a recent meeting of GST Council, it…

Goods and Services Tax (GST), which has been hailed as the biggest and most influential tax reform since 1947, is all set to be implemented by July 1st, 2017. This has been confirmed by Shaktikanta Das, who is the Economics Affair…

Under the new GST regime, the date of implementation of which is still under doubt, is going softer on culprits of tax evasion and other soft crimes. After a meeting of the GST Council, it has been decided that tax evasion of less…

GSTN, the company which is building the massive IT infrastructure for Goods and Services Tax regime in India has silently released the mega-portal for GST. Interestingly, the website was made live on the same day when PM Modi announced…

Centre and State Governments have finally reached a consensus on determining the tax rate slabs under Goods and Services Tax Bill. This will help in breaking the barriers which restrained pan-India implementation of GST and in unifying…

As of now, 14 states have ratified and approved GST Bill, which means that we are only two states short of the magical figure of 16 states with approval, which will make GST as the pan-India rule. As GST is becoming closer to…

The long awaited constitutional amendment to Goods and Services Tax (GST) finally sees the light of the day. Given that the businesses in our country face several hurdles in dealing with 29 states, 7 union territories and of course the…

Last year in the month of May, Lok Sabha passed the GST Bill, which was hailed as the biggest tax reform of India since Independence. However, due to political reasons, the Bill couldn’t pass the Lok Sabha’s approval since then.…

Amidst political flip-flops on Goods and Services Tax Bill (GST), which is stuck in Rajya Sabha after being passed in Lok Sabha, US Govt. has endorsed the importance of this bill, and have said that it can induce a new energy of…

Mythology: In ancient Sanskrit writings, Brahmastra (in Sanskrit) is a weapon created by Lord Brahma, which is regarded as the most powerful weapons of all; which can never miss it’s target and once its discharged, neither a…