Goods & Services Tax

Amidst economic crisis across the globe, India has feigned a signal of strength with aggressive growth targets, supported by a bunch of strategic moves like Digital India and Make in India initiatives. Bringing the Goods and Services Tax (GST) into picture is another such move that is expected to give the much-needed momentum for economic growth in India by transforming the existing indirect taxation towards the seamless flow of goods and services tax. GST is introduced to eliminate the cascading effect of taxes. India can play an essential role in the world economy in the years to come. The expectation with GST reforms is very high not only within the country but also within neighboring countries and developed economies of the world.