GST: Inching closer toward India's biggest tax reform

Since GST will bring change in existing regime, companies need to ensure proper compliance mechanism

India’s biggest indirect tax reform is just around the corner and set to roll out in less than 30 working days as per the government’s plans. 

Goods and Services Tax (GST) will bring together the country as one marketplace with one uniform tax, eliminating several layers of tax collection; with an aim to make its small-to-medium businesses considerably more transparent. 

The GST project is a complex and unique initiative in itself, which demands a uniform user interface for the taxpayers and governments as a shared platform amongst states and centre. 

Despite the fact that progressions are significantly tax driven, yet