ABOUT GST:

Images Retail - - REAL ESTATE -

The GST (Goods and Ser­vices) regime kicked in from July 1, 2017 and eas­ily In­dia’s most am­bi­tious tax re­form since its in­de­pen­dence in 1947. The tax sub­sumes over a dozen cen­tral and state taxes levied on goods and ser­vices bring­ing In­dia un­der a uni­form tax regime. The new tax­a­tion sys­tem is ex­pected to add 2 per cent to the coun­try’s GDP and ex­perts say that the abil­ity to buy goods or ser­vices from any part of the coun­try and still be able to off­set the tax por­tion is the real game changer.

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