The New Regulatory Development In India - GST

GST (the Goods and Services Tax) is finally here just like winter  in Game of Thrones.  The much-awaited indirect-tax regime was honored with the throne on 13 July 2017, solely to stimulate the growth in Indian economy. Established on the theory of one nation, one tax regime' the biggest tax reform eliminated the multi-layered tax system earlier existent in the country. The comparison of GST with winter is for the readers to understand the similarity between both, which for me is survival of the fittest. Escaping from the liabilities of the new tax regime is as impossible as escaping the cold breeze in Winters, which makes India as world's 10^th most complex nation for investment.