The benefits of GST are enormous, but the government should focus on removing anomalies in real time so that it is a smooth sailing for GST in coming months with respect to robust secure-proof backbone, lowering of threshold limit, proper implementation of legislation and procedure and no additional levy by states
Goods and Services Tax (GST) is the biggest tax reform since Independence and has paved the way for realization of the goal of “One Nation – One Tax – One Market” in the country. India's ICT industry has welcomed GST implementation in a big way as it will benefit all stakeholders, namely industry, government and consumer and will also help in lowering the cost of goods and services, thereby making the products and services globally competitive, giving a major boost to “Make-in-India” initiative.
Sridharan Mani
CEO, AmZetta Technologies
We had several tax types paid before GST as we had central excise, VAT, CST, octroi and service tax and now, it is all only one GST and this has helped for us to do business across the country with ease. All the organization has GST registered, it is clear for us to transact with them all with much ease irrespective of any state. We had to file and submit central excise duty separately, VAT separately which was taking a lot of effort and time of any state. We had to file and submit central excise duty separately, VAT separately which was taking a lot of effort and time
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