GST: Finally it happened!

This was originally published in IIK At least, I did not think that it will happen. For in India, we take pleasure in announcements but very little implementation happens on the ground. Goods and Services Tax (GST), is one such thing that has been in discussion for the last 10 years with every party in the opposition preventing it from seeing the light of the day. But, when our Prime Minister showed the resolve and finally introduced it on July 1st 2017 , it definitely marks a huge beginning and is a momentous step for India. Why should we call it A “Good and Simple Tax” Before we sing its praises, let us understand what it is. Before GST, excise and service tax used to be a state subject, c

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