GST Solution

Former Niti Aayog Vice-Chairman Arvind Panagariya on Wednesday pitched for a two-rate Goods and Services Tax (GST) structure with a small exemption list. Panagariya also said that the Indian economy has grown fairly rapidly in the last 17 years, and it will grow at 7-8 per cent in the next couple of decades. "We should get to two GST rates(structure)....Also, we need to prune the GST exemption list," Panagariya at an event organised by Columbia Global Centers here. The decision of the GST Council to impose 5 per cent tax on pre-packaged and labelled food items such as cereals, pulses and flour weighing less than 25 kg has generated political controversy. For a commodity measured in litres like curd and 'lassi, the limit is 25 litres. A nationwide Goods and Services Tax (GST), which subsumed 17 local levies like excise duty, service tax and VAT and 13 cesses, was rolled out at the stroke of midnight on July 1, 2017. Under GST, a four-rate structure that exempts or imposes a low ra

The Goods and Services Tax (GST) implementation saw the enterprise application provider SAP bring onboard almost 200 digital compliance clients across 30 different solution offerings. The demand specifically for S/4HANA core solution and supply chain solutions has surged post GST implementation due to business consolidation across the country, the company claimed."We are working with policy makers on Bharat ERP and GST already. We are also engaged with smart city initiatives across the country. We have a team engaging with policy makers on these initiatives and utilities and they do take us seriously because a large portion of India Inc. actually comes under SAP clientele. GST has allowed us to bring solutions that are very specific to India," said Neeraj Athalye, who heads S/4HANA, Leonardo and GST adoption for the Indian subcontinent at SAP. SAP currently reaches over 125 million citizens through 200 services across the country with GST providing a booster shot to their customer ...

It has capability to support users to file all their transactions in a convenient manner