1 July 2017 marked a very important date for India. The country now has a new tax regime to ensure one indirect tax for the entire country. The implementation of the Goods and Services Tax (GST) is bringing clarity, transparency and efficiency to all commercial transactions.
Here’s a short preview from the white paper:
“Since India implemented its tax reform on 1 July 2017, GDP growth has been around 7% in Q4 2017 and Q1 2018. This has mainly been led by robust consumer demand manifested most evidently in rising automobile sales, representative of buoyancy in urban and rural spending. Signs are also good on the agriculture side. Forecast for the fiscal year 2018/19 is 7.5% GDP growth.”DOWNLOAD WHITE PAPER ABOUT INDIAN GST TAX REFORM