How e-commerce firms will gain in the GST regime

GST should end numerous hurdles that state governments put up against online retail firms, such as Amazon and Flipkart, to protect offline retailers and state revenue. Goods and Services Tax (GST), being a ‘destination-based tax on consumption’, is also set to address concerns of state governments that the business models of e-commerce firms erode their…

Impact of GST on the Energy Sector of India

India staged a decision to implement GST (unified Good and Services Tax), which was proposed almost 30 years ago, after obtaining nod from both the upper and lower houses.  The uniform tax is helpful for the tax payers across the nation. The new tax law considering including Countervailing duty, VAT, luxury tax, service tax, octroi,…

GST: Important, so you will find a way

Jaitley is right in proposing GST from July 1. Much that could not be done in years will get accomplished in six weeks after mid-May Finance Minister Arun Jaitley is sticking to the dateline of July 1, 2017 for the launch of the goods and services tax (GST). Described as a reform of unparalleled importance…

Impact of GST on homebuyers

GST may reduce the cost of houses if it is at a rate below the current applicable taxes that are levied by the central and state governments. The biggest reform in the indirect tax regime is set to get implemented very soon. Instead of different types of taxes—central, state, local and so on—soon there will…

Impact of GST on the education sector

Impact of GST on the education sector

Currently, a host of services in the education and training sector are exempt from service tax. These services which are related to the delivery of education with an aim of obtaining a qualification are in the negative list under section 66D (1). The colleges and universities that are running degree programs and providing certificates recognized…