The Goods and Services Tax: Behind the Biggest Tax Reform in Independent India

The Goods and Services Tax (GST) has come into effect from July 1, 2017 onwards, aimed to simplify doing business in India. India has been grappling with multiple indirect taxes for a long time; the introduction of GST is, therefore, a landmark in the country’s taxation regime.

The GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. It will subsume the previous web of taxes, regulations, and border levies, such as the Central and State levies, including excise duty, service tax and VAT. Thus, by virtue of being one indirect tax for the whole nation, the GST will establish a unified common market in India.

GST will broaden the tax base as the annual revenue threshold for being registered under GST has been reduced to INR19 Lakhs in comparison to that of INR1.5 crore which was the condition under past excise laws. This would result in a potential boost to the country’s GDP by 0.9 to 1.7 percent.

Get to know how your business can take advantage of the newly introduced GST regime.

This webinar will provide you with:

• Greater awareness of the overall GST framework, new scheme of taxation, and compliances;
• Knowledge of the levy and collection processes under GST;
• Better understanding of the GST related benefits; and
• International perspective and comparison with other GST compliant countries.

Who should attend?

This webinar would be of benefit if you are:

• Considering/ already doing business in India;
• Suppliers/ customers in the Indian markets;
• Finance executives/ professionals;
• Already experiencing the challenges of working in India; and
• Have an academic interest in the Indian markets.

 To RSVP for this insightful webinar, visit our registration page.

This Event occurred on Thursday, July 27, 2017. If you were unable to attend it, you can still benefit from these resources that will help you review or discover more: