VAT

/Tag: VAT

Goods and Services Tax: Impact on Indian economy

2018-12-05T13:37:36+00:00January 9th, 2017|2018/2017, India Investment Journal January 2017, Top 5 Things to Watch in 2017, Year|

A tax expert analyses what GST would mean for the Indian economy. The India structure, like in any other country, has developed in response to many influences – social, political and economic. These ranged from divided powers between the Centre and states to levy different taxes, distinction between goods and services, tax cascading and arbitrage on rates. Foreign investment decisions and the expected rate of return from projects often suffered due to these distortions. The proposed Goods and Services tax [...]