how gst affect business

Challenges on business operation due to GST

Introduction: GST tax system will replace most of the indirect taxes in India from July 1st 2017. This will have a lot of benefits like easy to understand tax regimes, less paperwork, less cascade effect etc. But GST will be the largest change in the tax regimes in history of India, this is why it will comes with some severe challenges as well. The challenges due to GST on business operations are:- Various challenges due to GST: Various changes needed in business processes -The GST is not merely a tax change but a business reform that will affect the entire spectrum of business acti...
Read More