The biggest tax reform in India over the last decade, the Goods and Services Tax (GST) resulted in a major change for companies doing business in India. While GST consolidated the previous indirect tax regime which was more complex, it also required a thorough understanding for its implications and applicability because of its direct impact on the functioning of businesses.
GST changed the game for the indirect tax scenario in India. While it took away the other forms of indirect tax, it brought with it its own nuances and technicalities for consideration. From a compliance as well as strategy point of view, GST became an important factor for businesses to consider in India. For more information, watch our video here and download the fifth chapter of the “Doing Business In India” series, where it covers: