Tag: Goods and Services Tax

GST Should Boost India’s Long-Term Growth Prospects: Fitch

Newsroom24x7 Network Hong Kong/Sydney/Singapore: India’s new Goods and Services Tax (GST) will unify the indirect tax system and remove domestic barriers to trade, which should support productivity gains and GDP growth over the long term, says Fitch Ratings. The GST that came into effect on 1 July is relatively complex, including multiple tax rates for

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Implementation of GST: Why involve a Private Limited Company in a Sovereign Function?

Lalit Shastri The directive by Union Finance Ministry to the Central Board of Excise and Customs (CBEC) and Central Board of Direct Taxes (CBDT) to share data with Goods and Services Tax Network (GSTN) – a Section 25 non-Government, not-for-profit Pvt Ltd Company – has run into rough weather as serious objections are being raised about the

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