date:Jan 14, 2016
Goods and Services Tax (GST) on the agro and food industry is not just a change in tax, but a corporate game-changer, according to Raman N V, director, Grant Thornton India LLP.
He pointed out,The GST would be a consumption tax levied on the supply of specified goods and services. Its introduction would eliminate the need for different legislations.
According to him, India has adopted a unique dual model for GST as it replaces the existing multi-layered indirect tax structure. It would bring i