GST: A shift to Smart Taxation System
The excitement following the passage of the Goods and Services Tax (GST) Bill by the Indian Parliament on August 8, 2016, continues to resonate, as optimism both in the India Inc and in the general public grows. For one, this is an idea that has taken nearly sixteen years to come to fruition. While the implementation is currently slated for April 01, 2017, the transition from vagueness to clarity and resolving of political differences to support this development are major factors for its smooth and successful implementation.
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NBM&CW September 2016