Top Story

e4m_logo.png

Home >> Marketing >> Article

President gives nod to GST rollout

09-September-2016
Font Size   16
Share
President gives nod to GST rollout

The much awaited Goods and Services Tax Bill (GST) seems to be moving closer to a resolution with news filtering today that the President of India, Pranab Mukherjee has signed the bill into a law.

The government wants to roll out the GST, which the BJP-led ruling party is calling the biggest tax reform that the country will witness since independence, by April 1, 2017. It has been an uphill tax for the BJP to pass the GST with a number of roadblocks in both houses of parilament.

 

The bill was finally passed after some compromises by the central government as it sought to bring the states around to the idea of a single tax regime.

The GST, when it comes to affect, will subsume other indirect taxes like Central Sales Tax (CST), VAT and Octroi, and bring India under a unified, tax regime. This will be of enormous benefit to sectors like e-commerce as it will lower the cost of moving goods across state borders. It is also assumed that the implementation of GST will lead to a 2 per cent rise inindia's GDP.

http://www.exchange4media.com/digital/implementation-of-gst-a-boon-for-e-commerce-sector_58786.html

Of course, there is still the fact that there is no infomration about the rate of GST that will be decided, which has been a bone of contention between the center and states for some time. The GST council, which is a body created of representatives of states and the central government is now expected to make this key decision.

According to tax analysts we spoke with, a rate of 15-16 per cent seems likely.

http://www.exchange4media.com/marketing/what-does-the-passing-of-the-gst-bill-mean-for-the-media--entertainment-industry_65500.html

Chitresh Sinha, CEO, Chlorophyll Innovation Lab and Vivek Singh, Joint MD, Procam International speak exclusively with exchange4media on the upcoming #BeBetter Campaign for the TATA Mumbai Marathon

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Software and Technology, Consulting, Healthcare seem to be increasingly using Webinars to engage with their clients and employees

Latestly focuses on all latest and breaking events across the globe, providing information on trend related stories across genres

As part of this re-imagined approach Star India will broadcast live matches in six different languages with an aim to target 700 million viewers across TV and Digital.

Rahul Johri, CEO, Board of Control for Cricket in India (BCCI), spoke about the upcoming season of IPL and with Star India’s re-imagine approach, he made assured that this year will be a kickass seas...