As you know india has took a great step towards the GST . It is now rollout and all the slabs for gst are very good and will enhance the economic activities in the country.Since india is the largest growing economy of world GST will make it more powerful. Foriegn invest will boost up and ease of doing business will also be increase.
Asserting that the GST will help curb the spread of the country's parallel economy, FICCI said the framework of the tax structure serves as an incentive to be more tax compliant.
NEW DELHI: Industry body FICCI today said the rollout of GST will bring about significant gains to India's economy and it looks forward to working with the Government for successful implementation of the crucial tax reform.
GST will ease the burden of taxpayers in understanding and complying with tax laws and help in reducing the generation of black money, it said.
"Goods and Services Tax (GST) will prevent cascading of taxes since input tax credit will be available across goods and services at each stage of the supply chain. The harmonisation of the laws, procedures and rates of taxes enforced by the Centre and the states will bring transparency/uniformity in our tax regime," FICCI said.
