Article

GST’s real gain is efficiency and sustainability

GST’s real gain is efficiency and sustainability

The implementation of the Goods and Services Tax (GST), considered to be the most important policy change in India since economic liberalisation, has the potential to bring about large-scale economic impact. The initial commentary on the GST has revolved around benefits in terms of uniformity of tax structure, removal of cascading effect, efficient tax administration and improvement in government finances.…

Read More

IGST relief might be in the cards for foreign banks, MNCs

IGST relief might be in the cards for foreign banks, MNCs

The Indian government is trying to provide some relief to foreign banks and multinationals which are saddled with the additional cost of paying 18% integrated goods and services tax (IGST) on the services provided to their international offices, according to reports. An advisory to this effect may be issued by the tax department in the coming weeks, as under the…

Read More