On-ground check: Is India Inc ready for GST?

GST will usher in a simplified tax structure and bring in cost efficiency

With barely a few hours to go before goods and services (GST) tax bill becomes a reality, channel / on-ground checks by two leading research houses – Bank of America Merrill Lynch (BofA-ML) and Edelweiss – suggest that India Inc, at least the small and medium enterprises, are not fully prepared for the transition.

 

Both, however, agree that beyond the short-term pain, there are gains in store over the long run. In the new regime, major Central and State taxes will get subsumed into GST, which will reduce the multiplicity of taxes.

Source: http://www.business-standard.com/article/economy-policy/on-ground-check-is-india-inc-ready-for-gst-117063000191_1.html

182 comments

897963 705730Attractive part of content material. I just stumbled upon your website and in accession capital to claim that I acquire in fact enjoyed account your blog posts. Any way Ill be subscribing to your feeds and even I achievement you get entry to constantly rapidly. 174210

98117 585442Your blog is among the better blogs Ive came across in months. Thank you for your posts and all of the greatest with your function and blog. Looking forward to reading new entries! 216199

My countless comments are like A sinking sea, without a response. There is no longer your footprint in the space, but in my heart, You still occupy an important position, and hesitate to leave.

Time will always give you the answer, who is the one who really hurts you and who really cares about you; who is who you care about but who cares nothing about you. Some people are not worth cherishing too much, while others are worth cherishing

Leave a Reply