Welcome to GST Café, yet another effort in Vaish's
incessant endeavour to provide you with the best. We bring this
newsletter series GST Café to make it intellectually
exciting and enriching experience of sail through transition phase
to GST. We intend to ensure that the process of transition to GST
is smooth by sharing our views on developments. At the same time we
also solicit your feedbacks so that we can mutually benefit in this
process of learning and unlearning while we move towards the
eagerly awaited taxation system: 'GST'.
GST Rollout: Are we there yet?
Need of GST: An ideal indirect taxation system
collects taxes at various stages of production, supply and retail.
It is based on the value that the producers, suppliers and
retailers individually add to the product. However, needless to
say, the current tax regime is unfairly skewed against producers
and service providers with its inherent limitations in utilization
of tax credit.
