Moneycontrol
Aug 14, 2017 09:23 PM IST | Source: CNBC-TV18

The GST Regime: Challenges faced by India Inc. so far

After over a decade of back and forth, the goods and services tax became a reality on the July 1. India's biggest tax reform since independence subsumed more than a dozen taxes in the country. We are nearing the one month milestone of the GST rollout and today we take stock of the hits and misses in this first month.

After over a decade of back and forth, the goods and services tax became a reality on the July 1. India's biggest tax reform since independence subsumed more than a dozen taxes in the country. We are nearing the one month milestone of the GST rollout and today we take stock of the hits and misses in this first month. 99.9 percent of India's 80 lakh tax payers have already registered for GST. The industry is coming to terms with de-stocking and re-stocking, even as demands continue to be made for a rate revision by various sectors. The GST council has been nimble and open to revisions to adapt to market realities.

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tags #Economy #GST

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