Blogs

"India's evolving tax landscape finds its new rhythm in GST, seamlessly integrating 11 diverse taxes into a single system that mirrors the country's unity and innovation”

A Decade in the Making-The Road to GST: The journey to the implementation of the Goods and Services Tax (GST) in India has been nothing short of monumental. The idea of a nationwide GST in India was first proposed by the Kelkar Task Force on Indirect taxes in 2000 to releasing the First Discussion Paper in 2009...

The financial year 2024-25 saw yet another set of significant GST rulings, modifications in GST Act & Rules. Yet again, we see an impact on the interpretation of law and the manner of filing GST returns. Additionally, taxpayers are expected to ensure their vendor compliances alongside their own. This would require the implementation of strong internal controls, implementation of technology, introduction of an indirect tax SOP and regular training and update to the GST compliance... Read more