Goods and Services Tax (GST) is intended to bring transparency and accountability in business transactions along with the ease of doing business and rationalization in tax rates and will not pave the way for financialization of the country. The foremost benefit of GST is to remove hurdles in inter-State transactions resulting in the setting up of a common market. This ...

Revenue Secretary, Government of India, Dr. Hasmukh Adhia clarified on seven misconceptions about newly implemented law relating to Goods and Services Tax (GST) through a series of tweets from his twitter handle @adhia03 on Sunday. These myths relating to GST and Reality of each one is given below. Myth 1: Do I need to generate all invoices on computer/ internet ...