On 1 July 2017, the Goods and Services Tax (GST) took effect in India. The GST reform is the largest restructuring of a tax system ever undertaken, aiming to simplify and facilitate tax collection and payments from a myriad of taxes at central, state and sub-state levels in India. However, there are still many ambiguities on how the GST will roll out and its impact on producers and traders.
In order to assist members and producers who are impacted by these uncertainties, FTA is organising a webinar on Thursday, 12 October in order to explain the basics of the new GST answer any of their questions.
Coming soon: FTA will also be cooperating closely with the Indo-German Chamber of Commerce to provide members with an FTA Insight Publication on the effects of the GST on the trade and retail sectors.