Goods and Services Tax

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Goods and Services Tax – Started By: – Kishan Barai – Dated:- 8-10-2017 Last Replied Date:- 21-10-2017 – As we all know that Exports are Zero Rated, government has provided the option that either exporters are eligible for ITC or DBK (any one of them) so if purchased from URD is made by merchant exporter to export in international market, how accounting has to be adjusted? What if purchase is above 5000 INR formula. Why merchant exporter pay under RCM as they are exempted & how he can procu

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Goods and Services Tax – Started By: – Prakash Gupta – Dated:- 7-10-2017 Last Replied Date:- 16-8-2018 – Dear experts required your view on below mentioned query :A Company Secretary firm registered in India, incorporated a pvt ltd company for its foreign clients in India . The CS firm raised bill of consultancy fees directly to foreign client and received the same in convertible foreign exchange. Now whether, receipts of CS firm will be subject to GST ? – Reply By Rajagopalan Ranganathan – The Reply = Sir,You have not indicated the place of supply of service. If it is India (taxable territory) then gst is payable though consultancy fees are received in convertible foreign currency. If the place of supply is out side taxable territory (Ind

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Thank you Rajgopalan and Kasturi Seth Ji,Further, explanation to my query is as under,The company has been incorporated in India, say A Pvt Ltd, subsidiary of A Inc. Holding Company (A Inc) is US based. Professional fees invoice has been raised to A Inc (situated in USA). So, I am also not clear about place of the supply in this scenario. Please through some light on place of the supply in this scenario and applicability of the GST, with reference to relevant portion of the Act. – Reply By ShankarRatan Banerjee – The Reply = Question regarding GST and Taxation to be applied before making payment to a foreign company.Sir, I have a One Person Company located in Indian at West Bengal. I will take 'Service' from a foreign company and w

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Don t want business class to get caught in red-tape: PM on GST changes – Goods and Services Tax – GST – Dated:- 7-10-2017 – Dwarka, Oct 7 (PTI) – Prime Minister Narendra Modi today hailed the sweeping changes in the GST to give relief to small and medium businesses, saying his government does not want the country's business class to get caught in red-tape. Asserting that some very important decisions related to the Goods and Services Tax (GST) have been taken, the prime minister said, Today, I have seen newspapers from across the country. They carry headlines that Diwali has come 15 days earlier. You all must be busy preparing for Diwali, and in Gujarat, Diwali is celebrated with great enthusiasm, especially among businessmen, he said w

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n the government had, Finance Minister Arun Jaitley convinced everyone at the GST Council meet yesterday. I am happy that it has been welcomed in one voice across the country, Modi said. When there is trust in the government and honesty is seen behind decisions, then the country joins in despite difficulties, the prime minister said. I can experience this and I am thankful to the people of the country for the way they have welcomed our effort to make simple tax simpler, Modi said. Three months after the roll-out of the new indirect tax regime, the GST Council yesterday made sweeping changes to give relief to small and medium businesses on filing and payment of taxes, eased rules for exporters and cut tax rates on more than two dozen items.

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he said. Kandla Port is seeing unprecedented growth. This is because we devoted resources to improve the port. New lease of life was added to Alang; steps were taken for the welfare of the labourers working there. These are the steps we are taking towards development , Modi said. He also stated that Marine Police Training Institute will come up in Devbhoomi Dwarka district. Marine policing is a sector we are looking at very closely. We are modernising marine security apparatus. An institute for this will be set up in Devbhoomi Dwarka. It will draw people and experts from all over India, he said. Earlier in the day, Modi laid the foundation stone of a four-lane cable-stayed bridge between Okha and Beyt Dwarka and said it was a link between

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Goods and Services Tax – GST – Dated:- 7-10-2017 – Panaji, Oct 7 (PTI) The implementation of the Goods and Services Tax (GST) has led to reduction in collection of taxes by 22 per cent in Goa so far as compared to the revenue collection during the corresponding period last year, a senior official said. State Commercial Taxes Department, which keeps a record of tax collection, said the drop is not expected to continue in the future. The state government expects the GST to stabilise from January 2018 onwards. Since the implementation of the GST from July 1 this year, almost 30 per cent of the registered tax payers-cum- traders in Goa have not paid their taxes, a senior official from the department said. He said that of the total 21,000 tax p

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Goods and Services Tax – GST – Dated:- 7-10-2017 – The following decisions were taken by the GST Council at its 22nd meeting held in Vigyan Bhavan on 6th October, 2017. The information is being uploaded immediately after the GST Council s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are being communicated for general information and will be given effect to through gazette notifications which shall have force of law. Relief to small units: 1. GST rates on job work services is being rationalised as follows: – S.No Description of Service Rate 1 Job work services in relation to all products falling in Chapter 71 (including imitation jewellery) 5% 2 Job work services in relation to food and food products falling under Chapters 1 to 22 of the HS Code (except packing of processed milk into packets) 5% 3 Job work services in relation to products falling under Chapters 23 of the HS Code except dog and cat fo

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sed for printing belong to the printer [(Heading 9989)] 12% 10 Services by way of printing of all goods falling under Chapter 48 or 49 which attract GST @12%, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer 12% 11 Services by way of printing of all goods falling under Chapter 48 or 49 which attract GST @18% or above, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer 18% 12 To issue a clarification with regard to classification of printing products/services. 2. If a dealer who makes supplies of goods and services referred to in clause (b) of paragraph 6 of Schedule II of CGST Act and /or also receives interest income or makes supply of any exempt service, (s)he will not be ineligible for the Composition Scheme under Section 10 provided all other conditions are met. Further, in computing his aggregate turnover in order to determine

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son, who had procured the vehicle prior to 1st July 2017 and has not availed input tax credit of central excise duty, VAT or any other taxes paid on such vehicles, would be taxed at 65% of the applicable GST + Cess rate. This reduced rate would be applicable for a period of 3 years with effect from 1st July 2017. 4.4 Sale by way of auction etc. of used vehicles, seized and confiscated goods, scrap etc by Central Government, State Government, Union Territory or a local authority, to any person, to be subjected to GST under reverse charge under section 9 (3) of the CGST Act. 5. Transport of passengers by motor cab/ renting of motor cab:- (i) GST of 5% without ITC and 12% with full ITC available to transport of passengers by motor cab/ renting of motor cab shall be extended to any motor vehicle; (ii) ITC of input services shall be allowed in the same line of business at GST rate of 5% Other rate changes in services: 1. Works contract services involving predominantly earth works (that is,

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a local authority. 4. The reduced rate of 12% on specified works contract services supplied to the Central Government, State Government, Union Territory, Local Authority and Governmental Authority shall be extended to a Government Entity, where such specified works contract services have been procured by the government entity in relation to the work entrusted to it by the Central Government, State Government, Union Territory or Local Authority. 5. GST shall be levied @ 12% on works contract services in respect of offshore works contract relating to oil and gas exploration and production (E&P) in the offshore area beyond 12 nautical miles. 6. GST shall be levied @ 12% with ITC or 5% without ITC for transportation of natural gas through pipeline. 7. Exemption to annuity paid by NHAI (and State authorities or State owned development corporations for construction of roads) to concessionaires for construction of public roads. 8. Upfront amount (called as premium, salami, cost, price, d

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Goods and Services Tax – Package of relief and incentives for exporters with immediate affect – TMI Updates – Highlights

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Goods and Services Tax – GST – Dated:- 7-10-2017 – EXPORT PACKAGE GST PRESS BRIEF The GST Council under Chairmanship of Union Finance Minister Shri Arun Jaitley has in its 22nd Meeting held at Delhi on 6th October, 2017 approved a major relief package for exporters. 2. Mindful of the difficulties faced by exporters post-GST leading to a decline in export performance and export competitiveness, the Council had last month set up a high power Committee on Exports under Revenue Secretary Shri Hasmukh Adhia to recommend suitable strategies for helping this sector. This Committee had five senior Government functionaries from the Centre and an equal number from the States as members. 3. After wide ranging discussions with major Export Promotion C

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support the exporting community, which earns valuable foreign exchange and provides significant employment especially in the small and medium sector. Accordingly, the Council approved the following package of relief and incentives for exporters with immediate affect:- a. Within the next 4 days i.e. by 10.10.2017 the held-up refund of IGST paid on goods exported outside India in July would begin to be paid. The August backlog would get cleared from 18.10.2017 and refunds for subsequent months would be handled expeditiously. Other refunds of IGST paid on supplies to SEZs and of inputs taxes on exports under Bond/LUT, shall be processed from 18.10.2017 onwards. For this, the Council agreed to suitably empower Central and State GST officers so

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on such supplies given to the supplier. c. Merchant exporters will now have to pay nominal GST of 0.1% for procuring goods from domestic suppliers for export. The details would be released soon. d. The permanent solution to cash blockage is that of e-Wallet which would be credited with a notional amount as if it is an advance refund. This credit would be used to pay IGST, GST etc. The details of this facility would be worked out soon. The Council desired that the e-Wallet solution should be made operational w.e.f. 1st April 2018. e. Exporters have been exempted from furnishing Bond and Bank Guarantee when they clear goods for export. f. Specified banks and Public Sector Units (PSUs) are being allowed to import Gold without payment of IGST.

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Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 7-10-2017 – Authorised Representative Authorised representative means a person who is authorised by a person to appear on his behalf. Section 2(15) of GST Act, 2017, provides that 'authorised representative' means the representative as referred to in section 116. As per section 116(1) of the GST Act, 2017, any person who is entitled or required to appear before a GST officer appointed under the Act, or the appellate authority or the appellate tribunal in connection with any proceedings under the Act, may, otherwise than when required under this Act to appear personally for examination on oath or affirmation, subject to the other provisions can appear by an authorised representative. For this purpose, 'authorised representative' has been defined in the Act itself. Broadly, it includes a relative, a regular employee, an advocate, a chartered accountant, a cost accountant, a company secretary, or any person

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ection 116(2) of the GST Act, 2017, following persons can be appointed as an authorised representative i.e., a person authorised by the person to appear on his behalf: his relative or regular employee; or an advocate who is entitled to practice in any court in India, and who has not been debarred from practicing before any court in India; or any chartered accountant, a cost accountant or a company secretary, who holds a valid certificate of practice and who has not been debarred from practice; or a retired officer of the Commercial Tax Department of any State Government or Union territory or of the Board who, during his service under the Government, had worked in a post not below the rank than that of a Group-B Gazetted officer for a period of not less than two years: However, such officer shall not be entitled to appear before any proceedings under this Act for a period of one year from the date of his retirement or resignation; or any person who has been authorised to act as a goods

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; or who is convicted of an offence connected with any proceedings under this Act, the State Goods and Services Tax Act, the Integrated Goods and Services Tax Act or the Union Territory Goods and Services Tax Act, or under the existing law or under any of the Acts passed by a State Legislature dealing with the imposition of taxes on sale of goods or supply of goods or services or both; or who is found guilty of misconduct by the prescribed authority; who has been adjudged as an insolvent, Such disqualification to act as an authorised representative shall operate for the following period: Persons dismissed or removed from government – for all times Persons convicted of specified offences – for all times Insolvent persons – for the period during which the insolvency continues. As per section 116(4) of GST act, 2017, any person who has been disqualified under the provisions of the State Goods and Services Tax Act (SGST) or the Union Territory Goods and Services Tax Act (UTGST) shall be de

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GST – States – 37/2017-State Tax – Dated:- 7-10-2017 – FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk Mantralaya, Mumbai 400 032, dated the 7th October 2017 NOTIFICATION Notification No. 37/2017-State Tax No. MGST-1017/C.R. 179/Taxation-1.-In exercise of the powers conferred by the section 54 of the Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017), read with sub-rule (5) of rule 96A of the Maharashtra Goods and Services Tax Rules, 2017, and in supersession of the Government Notification of the Finance Department No. MGST-1017/C.R. 111/Taxation-1 [No. 16/2017-State Tax] dated the 11th July 2017, in the Maharashtra Government Gazette, Part IV-B, Extra-Ordinary No. 210, dated the 11th July 2017 except as respects t

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aded exceeds two hundred and fifty lakh rupees; (ii) the Letter of Undertaking shall be furnished on the letter head of the registered person, in duplicate, for a financial year in the annexure to FORM GST RFD – 11 referred to in sub-rule (1) of rule 96A of the Maharashtra Goods and Services Tax Rules, 2017 and it shall be executed by the working partner, the Managing Director or the Company Secretary or the proprietor or by a person duly authorised by such working partner or Board of Directors of such company or proprietor; (iii) where the registered person fails to pay the tax due alongwith interest, as specified under sub-rule (1) of rule 96A of Maharashtra Goods and Services Tax Rules, 2017, within the period mentioned in clause (a) or

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GST – States – 36/2017-State Tax – Dated:- 7-10-2017 – FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 7th October 2017 NOTIFICATION Notification No. 36/2017-State Tax No. MGST-1017/C.R. 178/Taxation-1.-In exercise of the powers conferred by section 164 of the Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017), the Government of Maharashtra, hereby makes the following rules further to amend the Maharashtra Goods and Services Tax Rules, 2017, namely :- (1) These rules may be called the Maharashtra Goods and Services Tax (Sixth Amendment) Rules, 2017. (2) Save as otherwise provided in these rules, they shall come into force on the 29th September 2017. 2. In the Maharashtra Goods

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nded by the Commissioner shall be substituted; (v) in rule 120A, the marginal heading Revision of declaration in Form GST TRAN-1 shall be inserted,- (vi) in Form GST REG-29,- (a) for the heading, Application for Cancelation of Provisional Registration , the heading, Application for Cancelation of Registration of Migrated Taxpayers shall be substituted; (b) under sub-heading PART-A, against item (i), for the word and letters Provisional ID , the letters GSTIN shall be substituted. By order and in the name of the Governor of Maharashtra, R. D. BHAGAT, Deputy Secretary to Government. Note.-The principal rules were published in the Gazette of Maharashtra, Extraordinary, Part IV-B No. 170 Central Section vide Notification No. MGST-1017/C.R.-90/T

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GST – States – MGST-1017/C.R.104/Taxation-1 – Dated:- 7-10-2017 – FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 7th October 2017 CORRIGENDUM No. MGST-1017/C.R.104/Taxation-1.-In the Government Notification of the Finance Department No. MGST-1017/C.R.104/Taxation-1 [No. 1/2017-State Tax (Rate)], dated the 29th June 2017, published in the Maharashtra Government Gazette, Part IV-B, Extra-Ordinary No. 183, dated 29th June 2017, in the Schedule IV,

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GST – States – 01-L/2017 – Dated:- 7-10-2017 – OFFICE OF THE COMMISSIONER OF COMMERCIAL TAXES Karnataka Vanijya Therige Karyalaya, Gandhinagar, Bengaluru NOTIFICATION (NO. 01-L/2017) No. KGST.CR.01/17-18, Dated: 07-10-2017 In exercise of the powers conferred by rule 120A of the Karnataka Goods and Services Tax Rules, 2017, the period for submitting the declaration in FORM GST TRAN-1 is being extended till 31st October, 2017. RITVIK PANDEY Commissioner of Commercial Taxes (Karnataka), Bengaluru

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– Recommendations made by the GST Council in its 22nd Meeting held today under Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley in the national capital. – TMI Updates – Highlights

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Goods and Services Tax – Changes in GST Rates for Goods – TMI Updates – Highlights

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Goods and Services Tax – Changes in IGST EXEMPTION ON IMPORTS OF GOODS – TMI Updates – Highlights

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Goods and Services Tax – GST – Dated:- 6-10-2017 – The GST Council, in its 22nd Meeting which was held today in the national capital under Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley has recommended the following facilitative changes to ease the burden of compliance on small and medium businesses: Composition Scheme 1. The composition scheme shall be made available to taxpayers having annual aggregate turnover of up to ₹ 1 crore as compared to the current turnover threshold of ₹ 75 lacs. This threshold of turnover for special category States, except Jammu & Kashmir and Uttarakhand, shall be increased to ₹ 75 lacs from ₹ 50 lacs. The turnover threshold for Jammu & Kashmir and Uttarakhand shall be ₹ 1 crore. The facility of availing composition under the increased threshold shall be available to both migrated and new taxpayers up to 31.03.2018. The option once exercised shall become operational from the fir

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) shall be constituted to examine measures to make the composition scheme more attractive. Relief for Small and Medium Enterprises 4. Presently, anyone making inter-state taxable supplies, except inter-State job worker, is compulsorily required to register, irrespective of turnover. It has now been decided to exempt those service providers whose annual aggregate turnover is less than ₹ 20 lacs (Rs. 10 lacs in special category states except J & K) from obtaining registration even if they are making inter-State taxable supplies of services. This measure is expected to significantly reduce the compliance cost of small service providers. 5. To facilitate the ease of payment and return filing for small and medium businesses with annual aggregate turnover up to ₹ 1.5 crores, it has been decided that such taxpayers shall be required to file quarterly returns in FORM GSTR-1, 2 & 3 and pay taxes only on a quarterly basis, starting from the Third Quarter of this Financial Yea

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proving to be burdensome for small dealers and manufacturers. In order to mitigate their inconvenience on this account, it has been decided that taxpayers having annual aggregate turnover up to ₹ 1.5 crores shall not be required to pay GST at the time of receipt of advances on account of supply of goods. The GST on such supplies shall be payable only when the supply of goods is made. 8. It has come to light that Goods Transport Agencies (GTAs) are not willing to provide services to unregistered persons. In order to remove the hardship being faced by small unregistered businesses on this account, the services provided by a GTA to an unregistered person shall be exempted from GST. Other Facilitation Measures 9. After assessing the readiness of the trade, industry and Government departments, it has been decided that registration and operationalization of TDS/TCS provisions shall be postponed till 31.03.2018. 10. The e-way bill system shall be introduced in a staggered manner with ef

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Goods and Services Tax – GST – Dated:- 6-10-2017 – As per discussions held in the 22nd GST Council Meeting held under Chairmanship of Union Finance Minister Shri Arun Jaitley on 6th October, 2017, the following changes in GST rates for certain Goods have been recommended. GST RATE FOR FOLLOWING GOODS HAVE BEEN REDUCED S. No. Chapter/Heading/Sub-heading/Tariff item Description Present GST Rate GST Rate Recommended by the GST Council 1. 0804 Mangoes sliced dried 12% 5% 2. 1905 or 2106 Khakra and plain chapati / roti 12% 5% 3. 19 or 21 Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government, s

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for children amusement 28% 18% 9. 3915 Plastic waste, parings or scrap 18% 5% 10. 4004 00 00 Rubber waste, parings or scrap 18% 5% 11. 4017 00 20 Hard Rubber waste or scrap 28% 5% 12. 4707 Paper waste or scrap 12% 5% 13. 4907 Duty credit scrips 5% Nil 14. 5401 Sewing thread of manmade filaments, whether or not put up for retail sale 18% 12% 15. 5402, 5404, 5406 All synthetic filament yarn, such as nylon, polyester, acrylic, etc. 18% 12% 16. 5403, 5405, 5406 All artificial filament yarn, such as viscose rayon, Cuprammonium, 18% 12% 17. 5508 Sewing thread of manmade staple fibres 18% 12% 18. 5509, 5510, 5511 Yarn of manmade staple fibres 18% 12% 19. 5605 Real Zari 12% 5% 20. 6802 All goods falling under heading 6802 [other than those of marbl

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nd mixed flow vertical pumps 28% 18% 26. 84 or 85 E-Waste 28%/18% 5% 27. Any Chapter Biomass briquettes 18% 5% Foot note; 1. Reduction in GST rate against S. No 4 above is subject to following condition: If the supplier of such food preparations produces a certificate from an officer not below the rank of the Deputy Secretary to the Government of India or not below the rank of the Deputy Secretary to the State Government concerned to the effect that such food preparations have been distributed free to the economically weaker sections of the society under a programme duly approved by the Central Government or the State Government concerned, within five months from the date of supply of such goods or within such further period as the jurisdic

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Goods and Services Tax – GST – Dated:- 6-10-2017 – As per discussions held in the 22nd GST Council Meeting held under Chairmanship of Union Finance Minister Shri Arun Jaitley on 6th October, 2017, the following changes in IGST rates on Imports of specified Goods have been recommended. S. No Description Present applicable IGST rate Recommended IGST rate 1 IGST exemption on imports of rigs imported for oil / gas exploration and production projects under lease, subject to the following conditions that: (i) Integrated tax leviable under section 5(1) of the IGST Act, 2017 on supply of service covered by item 1(b) or 5(f) of Schedule II of the Central Goods and Services Tax Act, 2017; (ii) The rig is not sold without the prior permission of the

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Goods and Services Tax – GST: Relief for SMEs, threshold for composition scheme raised – TMI Updates – Highlights

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Goods and Services Tax – GST to facilitate ease of doing business: EU – TMI Updates – Highlights

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Goods and Services Tax – GST – Dated:- 6-10-2017 – New Delhi, Oct 6 (PTI) The European Union (EU) today gave thumbs up to India's Goods and Services Tax (GST) saying the new tax regime would facilitate ease of doing business. Visiting EU leaders also welcomed India's efforts to promote economic and social development and expressed interest in participating in initiatives such as 'Make in India' 'Digital India', 'Skill India', and 'Start-Up India'. The EU closely follows Prime Minister (Narendra) Modi's economic reforms, including the historic introduction of the Goods and Services Tax (GST), which can facilitate ease of doing business and promotes market integration in India by realising a simple

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dia cooperation on resource efficiency and circular economy. Both sides agreed to enhanced cooperation and exchange of experience and best practices in the field of Intellectual Property rights (IPR) and public procurement, it said. The leaders expressed their shared commitment to strengthening the Economic Partnership between India and the EU and noted the ongoing efforts of both sides to re-engage actively towards timely relaunching negotiations for a comprehensive and mutually beneficial India-EU Broad Based Trade and Investment Agreement (BTIA). With regard to import tolerance level of tricyclazole in rice the relevant plant protection companies will be invited to present new scientific data in order for the European Food Safety Authori

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Goods and Services Tax – GST – Dated:- 6-10-2017 – New Delhi, Oct 6 (PTI) In a relief to small and medium enterprises, the GST Council on Friday raised the turnover threshold to ₹ 1 crore for businesses to avail of the composition scheme that allows them to pay 1-5 per cent tax without going through tedious formalities. With small businesses and traders complaining about the compliance burden the new Goods and Services Tax (GST) regime has put on them, the panel decided to give option to taxpayers to avail of the so-called Composition Scheme if their turnover is less than ₹ 1 crore as against the previous limit of ₹ 75 lakh. The GST Council, headed by Finance Minister Arun Jaitley, at its 22nd meeting reached consensus on

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Goods and Services Tax – Started By: – Pawan Chaudhari – Dated:- 6-10-2017 Last Replied Date:- 7-10-2017 – Hello,I have small scrap shop,I purchase scrap from house hold like old paper, iron steel etc.and give them money in cash So I don't have any bill of purchase and when I sale this goods after accumulation in bulk to other dealers for which I give them GST bill and they pay me amount including GST via cheque which I have to withdra cash from . So my query is how do I show the purchase.? I also have to transport accumulated goods to the dealer. Or any suggestions how will GST work with this business model.? – Reply By Pawan Chaudhari – The Reply = It's sales bill without purchase bill – Reply By KASTURI SETHI – The Reply = In su

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t if per day purchase ismorethan five thousand. You can have an invoice once in a month and pay gst on reverse charge and take ITC. – Reply By Chhatra Jain – The Reply = As you are purchasing from URD it for you to pay raise bill of supply if it is more than 5000/ per day and pay GST in reverse charge. Once you pay you pay GST in reverse charge it will be your ITC and same can be adjusted against your output liability. Alternatively if purchase is less than 5000/ you can raise GST in Sales Invoice and pay GST. So in this way you can discharge your GST liability. In case of transportation of goods to dealer if freight is less than 1500/ no need to pay GST. If it is more than that recipient is to pay GST on Freight iin reverse charge. But GST

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India s GST rollout positive step: official – Goods and Services Tax – GST – Dated:- 6-10-2017 – Singapore, Oct 6 (PTI) The positive steps taken by the Indian government like the implementation of the Goods and Services Tax and the ease of doing business are heartening, a senior business executive said here today, but voiced concern over the slow litigation process. Sunil Peter, chief executive officer of the Singapore Indian Chambers of Commerce and Industry (SICCI), said the arbitration courts could help in quick conflict resolution which will strengthen and encourage companies to enter and grow their investments in India. The positive steps that the Indian government was taking to do business in India such as the GST implementation, are

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