Indian Tax Solution
In an interview to CNBC-TV18's Priya Sheth,ITC's Sanjeev Puri shared his readings and views on goods and services tax (GST).
GST is a transformational reform, it is going to strengthen India's long-term story, it augurs well for the medium and the long-term and a reform of this magnitude is bound to have some transitional change. I believe that the amount of pain that we have faced in GST transition is much lesser than anticipated, he said.
Huge relief for manufacturers -No GST payments on advances received for supplying goods
On Wednesday, the Central Government spared businesses from paying GST on advance amounts they have received for goods which are to be supplied later in the future. The step was aimed to help clear the confusion over tax liabiliti ...