Will GST Bring “Acche Din” For IT Sector?
After a long wait and repeated requests by the Indian Government, the Rajya Sabha finally gave a green signal to the historic Goods and Services Tax (GST) Bill, which is considered to be a significant reform that will simplify and unify the tax structure of India. The much-awaited GST, which will be implemented from April 1, 2017, is expected to impact the IT-BPM sector (and also other industries), which is currently valued at USD 143 billion (2015-16). The GST, once implemented, will supposedly bring all states and people of India...