One of the biggest tax reforms of the century is knocking on the doors of board rooms of large and small organisations today. The approval granted by Parliament to the GST Constitutional Amendment Bill has paved the way for radical changes in the tax structure of the country. GST will bring with it several positives

The Goods and Service Tax is a game changer because it is not just an overhaul of indirect taxes, but the way business is done. Unless you are not on top of your taxes on a daily basis, there is no way you will be on top of your business. Let us examine what this

We have been witnessing how indirect taxes have bound businesses with regard to their supply chain and other processes due to a diverse range of taxes and costs involved. India is now at the point of moving to the Goods and Services Tax (GST) system, which is being perceived as one of the most significant

A big reform and a significant game changer for the Indian economy, the Goods and Services Tax (GST), which has been a long deliberated decision, turned into a reality for the nation in 2016. With the intention to unify the nation’s financial setup, the principle of ‘One Nation One Tax’ is all about taking India,

The indirect tax regime comes with multiple tax collectors (centre, state, local body, etc) of taxes (excise, sales tax, octroi, etc), as well as multiplicity of tax rates. Besides, there is tax on tax which has a cascading effect with limited input credit, leading to a bloated end-consumer price. With businessmen, advisors and the likes

Praveen Khandelwal has been a vociferous evangelist of trade tax reform, right since the days when VAT replaced sales tax. Himself a trader based in New Delhi, he speaks for his ilk from the frontlines, and as general secretary, has helped build the Confederation of AllIndia Traders (CAIT) into a well-oiled lobbying forum for the