India’s biggest tax reform is now a reality. A comprehensive dual Goods and Services Tax (GST) has replaced the complex multiple indirect tax structure from 1 July 2017.
The concept of GST was visualized for the first time in 1999. On 8 August 2016, the Constitutional Amendment Bill for roll out of GST was passed by the Parliament, followed by ratification of the bill by more than 15 states and enactment of the bill in early September.
GST is a major reform that would change the tax landscape in India and the way business would be conducted in the country. With actual implementation of GST around the corner, the industry should quickly gear up and carry out GST impact analysis. In this respect we provide the following services:
A. GST Impact Study
Businesses can use our Impact Analysis Tools for determining GST impact analysis on their profitability and revenue under the GST regime. Basic tools are meant for business not having complex operating/ tax structures as highlighted under Advance study below.
B. Advanced GST Impact study
You can select the Advance study applicable to your business and obtain a detailed GST impact analysis report covering the following aspects: