GST – What Next?

Much awaited “one nation, one tax, one market” came to reality with RS passing the GST bill last week. The next steps include Get the CAB (constitution amendment bill) approved by at least 50% states Create a GST council Concluding the Center GST and State GST rates with cabinet approval Training, documentation, digital (IT) readiness…

How will GST work in India

Let us begin with the understanding of how taxes are applied before VAT came into picture. Consider this flow of a product: Manufacturer -> Retailer -> Consumer Say the initial price is 100 and sales tax is 10%. Then Manufacturer sets the price at 100 +10% =110. (Tax is 10) Say Retailer adds 390 as…

German Chancellor’s visit to India

German Chancellor, Angela Merkel lands in India this week for a three day trip. Needless to say, Chancellor Merkel’s visit is of great significance. She is not only accompanied by her elite cabinet ministers, but also by a large delegation of business leaders. With 21 billion $ worth of trade, Germany is the top trading partner…

Changes in Indian IT industry

There are couple of articles recently in ET, Business Line on the challenges our IT industry is currently facing. Due to a steep fall in the crude oil prices in previous fiscal, IT investments by clients in the energy vertical have delayed, reduced and some are cancelled. Telecom services providers are also not doing well…

Is Indian Ocean still India’s Ocean?!

Prime Minister’s visit to Seychelles, Mauritius and Sri Lanka has infused fresh energy and support to all these Indian Ocean states. Many of the countries in Indian Ocean are crucial for India’s security and economic concerns. As Hindustan Times rightly mentioned, New Delhi has to ensure that Indian Ocean is, strategically, India’s Ocean! This visit…