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How to get GST-ready in 40 days

For companies who are already paying indirect taxes, it would be critical to decide on prices

Dinesh Kanabar 

The two-day goods and services tax (GST) meeting in Srinagar on rates has come out with a number of surprises. While for goods, the rate category of 5 per cent, 12 per cent, 18 per cent and 28 per cent was always in the reckoning, the apprehension that the 28 per cent category would not be restricted to category of sin goods but would also extend to other goods like tyres, chocolates, etc has come true. What has come as a bigger surprise though is the four-tier rate structure being extended to services! Thus, services would also attract rates of 5, 12, 18 and 28 per cent, with the ...

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How to get GST-ready in 40 days

For companies who are already paying indirect taxes, it would be critical to decide on prices

For companies who are already paying indirect taxes, it would be critical to decide on prices The two-day goods and services tax (GST) meeting in Srinagar on rates has come out with a number of surprises. While for goods, the rate category of 5 per cent, 12 per cent, 18 per cent and 28 per cent was always in the reckoning, the apprehension that the 28 per cent category would not be restricted to category of sin goods but would also extend to other goods like tyres, chocolates, etc has come true. What has come as a bigger surprise though is the four-tier rate structure being extended to services! Thus, services would also attract rates of 5, 12, 18 and 28 per cent, with the ... image
Business Standard
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How to get GST-ready in 40 days

For companies who are already paying indirect taxes, it would be critical to decide on prices

The two-day goods and services tax (GST) meeting in Srinagar on rates has come out with a number of surprises. While for goods, the rate category of 5 per cent, 12 per cent, 18 per cent and 28 per cent was always in the reckoning, the apprehension that the 28 per cent category would not be restricted to category of sin goods but would also extend to other goods like tyres, chocolates, etc has come true. What has come as a bigger surprise though is the four-tier rate structure being extended to services! Thus, services would also attract rates of 5, 12, 18 and 28 per cent, with the ...

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Business Standard
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