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Goods and Services Tax

The Indian indirect taxation system is due for a seminal tax reform with the introduction of a unified Goods and Services Tax (GST) as against the prevailing plethora of taxes (value-added tax (VAT), central sales tax (CST), service tax, customs duty, excise duty, entry tax, etc.). As the government has already released the Draft GST Law in the public domain, it is likely that the new GST regime may be implemented from April 2017.

The new GST regime will open up an array of opportunities for businesses across India as well as those planning to enter the Indian market. On the other hand, GST may also pose various challenges with respect to business planning, budgeting and investment, as it will change many earlier assumptions regarding business and the market and as a whole. The challenge at hand for the business community is to adapt to the transitional tax reforms by understanding the nuances of the new GST regime.

In this evolving indirect tax scenario, we at SKP plan to assist our clients in bridging the gap over to GST by providing specialised services to mitigate any GST-related tax risk. Read more in our brochure below.

SKP Goods and Services Tax Solutions

GST Updates

For updates on the role and evolution of GST in India, please click on the links below:

SKP GST Webinar: Understanding the Model GST Law (webinar presentation)

SKP GST Update: Issue 24 - ​Report Card on GST implementation
SKP GST Update: Issue 23 - 6th GST Council meet on the 16 December 2016
SKP GST Update: Issue 22 - Key highlights of the FAQs issued by the CBEC
SKP GST Update: Issue 21 - Key highlights of the GST Council Meet on 22 and 23 September 2016
SKP GST Update: Issue 20 - Required number of states ratify GST Bill
SKP GST Update: Issue 19 - 122nd CAB passed by Lok Sabha, bringing GST a step closer to implementation
SKP GST Update: Issue 18 - Highlights of the government's press conference on GST
SKP GST Update: Issue 17 - Rajya Sabha clears 122nd Constitutional Amendment Bill, 2014 on Goods and Services Tax
SKP GST Update: Issue 16 - FAQs on the Model Goods and Services Tax (GST) Law
SKP GST Update: Issue 15 - GST will increase the ease of doing business in India
SKP GST Update: Issue 14 - Report on Revenue Neutral Rate
SKP GST Update: Issue 13 - Key takeaways from the Model GST Law
SKP GST Update: Issue 12 - Clarity on the registration, returns, refund and payment processes in the GST regime
SKP GST Update: Issue 11 - Goods and Services Tax Network
SKP GST Update: Issue 10 - Select Committee Report on GST Bill
SKP GST Update: Issue 9 - Progressing towards Goods and Services Tax in India
SKP GST Update: Issue 8 - The GST Bill - The next leap towards GST
SKP GST Update: Issue 7 - Constitutional Amendment Bill for GST passed by Lok Sabha today
SKP GST Update: Issue 6 - Parliamentary discussion on GST Bill begins today 
SKP GST Update: Issue 5 - Goods and Services Tax and the Place of Supply
SKP GST Update: Issue 4 - Developments in the Economic Survey 2014-15 and the Union Budget 2015-16
SKP GST Update: Issue 3 - Business challenges in the implementation of GST
SKP GST Update: Issue 2 - Reactions of the States and industry to CAB
SKP GST Update: Issue 1 - On the way to GST

GST News
Articles

For our latest articles and updates on GST in India, please click on the links below:


CorpKonnect: Model GST Law - Expert Comments
The Firm: Budget 2016: What about GST?
India’s New Year resolution: welcoming investments and de-cluttering taxation
Breakbulk Magazine: Not-so-free flow
Taxsutra: Indian model GST law vis-a-vis global practices – right foot forward?
Taxsutra: Place of Supply under GST – key driver to the new regime
The impact of GST on the manufacturing sector in India
The impact of GST on the logistics industry in India
The impact of GST on the telecommunications sector in India
Taxindiaonline.com: GST – silver lining the Budget 2015

Nexia Global Insight January 2015
India moves closer to Goods and Services Tax
The long-awaited tax reform aimed at boosting economic growth and making India an easier place to do business looks set to become a reality.

Nexia Global Indirect Taxes May 2014
The introduction of goods and services tax in India – recent developments
In this article, we discuss the upcoming GST reform in India, the issues delaying its implementation, and the progress made despite these hurdles.

Nexia Global Indirect Taxes May 2013
Indian Goods and Services Tax regime – Reality or distant dream
In this article, we discuss the upcoming GST reform in India, its implementation and some insight on recent developments.

Videos

Watch Pratik Shah, Partner, Indirect Taxation, discuss the likely impact of the Model GST Law on securities on Bloomberg Quint with Menaka Doshi

 

Watch Jigar Doshi, Partner, Indirect Taxation, discuss the impact of GST on the healthcare sector in India with Menaka Doshi on CNBC-TV18’s ‪’Hello GST’‬ series

 

Will GST benefit the shipping industry in India? Watch Jigar Doshi, Partner, Indirect Taxation, discuss the impact of GST on the shipping industry with Menaka Doshi on CNBC-TV18’s ‘Hello GST’ series

 

Watch Pratik Shah, Partner, Indirect Taxation, discuss the impact of the upcoming GST reform on the infrastructure sector in India on CNBC-TV18’s 'Hello GST' series

 

Watch Jigar Doshi, Partner, Indirect Taxation, discuss the impact of the upcoming GST reform on the mutual fund sector in India on CNBC-TV18’s 'Hello GST' series

 

Will GST be a boon or a bane for the pharmaceutical industry in India? Watch Pratik Shah, Partner, Indirect Taxation, discuss the impact of GST on the pharma sector with Menaka Doshi on CNBC-TV18’s 'Hello GST' series

 

Watch Jigar Doshi, Partner, Indirect Taxation, discuss the impact of the upcoming GST reform on the telecom sector in India on CNBC-TV18’s 'Hello GST' series