Goods and Services Tax aka GST is scheduled to be in effect from 1st July and will change the way we pay our taxes for sure. The system is a game changer in the Indian taxation system and the biggest tax reform taken in 70 years of Indian history.
Asia’s third-largest economy, after China and Japan, will witness a single taxation system for goods and services after waiting for as long as 10 years. GST rollout will dismantle inter-state barriers to trade in goods and services.
But how will this new tax system impact startups and small business? Will the startup ecosystem reap benefits out of Goods and Services Tax (GST)? Or will it adversely cause harm to the startups and small businesses?
These books will help you understand the GST regime more efficiently.