Skip to content
  • Back to Website
  • Enquire Now!
April 8, 2020 / Goods and Services Tax (GST)

Tax Experts Hope Goods And Services Tax Will Pep Up GDP Growth By 2%

Tax experts on Sunday said there will be a uniform andone-nation-one-tax in the form of Goods and Services Tax(GST) proposed from April 1. The experts guided CAs on GST during a regional tax conference held here jointly by the Nashik and Jalgaon branches of TheInstitute of Chartered Accountants of India (ICAI).
Bimal Jain, chairman, Indirect Tax Committee of PHD Chamber of Commerce, said, “The present indirect taxes in India have driven business to structure and model their supply chain and systems owning to multiplicity of taxes and costs involved therein. GST will be a big game changing reform for Indian economy by developing a common Indian market and reducing the cascading effect of taxes on the cost of goods and services.” tax consultancy firms in Delhi
He added, “GST has broad-based implications, affecting the entire organisation regardless of the size and nature of the business. There will be uniform tax structure across the country based on the one-tax-one-nation formula. Currently, the total taxes on supply of goods in the country are around 27%. But the standard tax rate of GST will be 18%.” Indirect taxation in India

Read more information visit at: http://bit.ly/2efTXm0

Post navigation

Previous Post:

Two More Advance Pricing Agreements Signed By The CBDT

Next Post:

GST Could Trip Make In India For Smartphones

Drop us a message

Recent Posts

  • Checklist for Visa Extension under FRRO February 9, 2021
  • Key Highlights of Union Budget 2021 February 5, 2021
  • Checklist for FRRO Registration February 1, 2021
  • Employee Pension Scheme for International Workers January 4, 2021
  • Valuation by special valuation branch in custom December 24, 2020
  • Foreign Direct Investment into India continuously growing December 22, 2020

Categories

  • Business (55)
  • Companies Act (25)
  • Consultant (1)
  • Direct Taxation (36)
  • FDI (7)
  • FEMA (15)
  • Foreign Investment (13)
  • Goods and Services Tax (GST) (39)
  • News (1)
  • Others (8)
  • Tax Consultancy (4)
  • Taxation (9)