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GST ain’t easy, but appeals to investors’:
Context
- The newly introduced Goods and Services Tax is quite complicated, but still it has stroked an accord with the investors
Why So?
- India’s new Goods and Services Tax system is not simple as it involves filling up of complex forms and businesses still have some concerns about its operational nuances — but it still makes the country a more attractive place for foreign investors to do business
- Despite a temporary demonetization-related blip in GDP, India continues to march forward with its own reform agenda
- GST has just been officially rolled out across India (and) met with much enthusiasm by most of the population as well as the vast majority of business
- It is not a “simple tax” as it comes with five slabs of tax depending on the product and the amount of form filling is complex but the introduction of the tax should be seen as ‘an evolutionary process.’
