About the Book
The Goods and Services Tax, which subsumes all indirect taxes to create one rate and integrate the country into a single market is the biggest tax reform that is being undertaken since Independence. The vision behind introduction of GST is not only to get rid of the current patchwork of indirect taxes that are partial and suffer from infirmities, mainly exemptions and multiple rates, but also to improve tax compliances. The book covers the basic concepts about GST, its framework in India, impact of its introduction on economy, sectors etc. It also covers the international perspective across various countries on GST. Further book incorporates various drafts reports recently released.
Basic concepts & framework of GST
International perspective on GST across various countries
Analysis of impact of GST on different aspects of business, various sectors and economy as a whole
Discussion on the potential pain points under GST
Identification of areas that need clarifications under GST and steps to be taken for transition
Including Draft reports on business processes recently released:
Report on Registration process
Report on Payment process
Report on Refund process
Report on Returns
Including discussion on Dr. Arvind Subramanian’s Report on Revenue Neutral Rate (RNR)
About the Authors
Santosh is associated with one of the leading tax consulting firms in the country. He is a Commerce and Law Graduate from Mumbai University and an Associate Member of The Institute of Cost & Works Accountants of India. He has more than 30 years hands on experience in the areas of Indirect Taxes, Finance and Commercial functions. Before joining consulting, he was serving the industry for more than 14 years and involved in tax planning, legal aspects and compliance issues apropos Indirect Taxes.
As a consultant, he has been advising various clients on Indirect Tax implications, tax planning and compliance aspects concerning the business operations in India. He has worked with clients across sectors such as Pharma, FMCG, Real Estate, Media, Financial Services, Logistics, Power, Oil and Gas, IT / ITES, etc.
He has also been involved in the VAT and GST initiative in India. He has been involved in close interaction with various State Governments and industry for GST implementation, strategies and methodologies and has been voted as one of the leading and most admired Indirect tax advisors in India for the years 2011, 2012 and 2014 in the survey conducted by International Tax Review Publication, UK.
Krishnan is associated with one of the largest tax consulting firms in the country. He is a fellow member of the Institute of Chartered Accountants of India and has a Management Degree from the Indian School of Business, Hyderabad.
He has a vast professional experience of nearly a decade in advising various clients on complex issues across the gamut of various indirect taxes.
Krishnan has been involved in providing strategic advisory services ranging from entry level strategies to indirect tax management services, on matters concerning business restructuring and innovative tax planning options in the context of indirect tax laws. He has worked with clients across sectors such Pharma, FMCG, Logistics, Media, IT / ITES, Real Estate, Financial Services, etc.
He has helped various corporates in the smooth transitioning from the erstwhile sales tax regime to the VAT regime including carrying out impact analysis, assistance in system configuration and implementation assistance.
He has also been involved in analyzing the impact of GST for companies across sectors, including setting up the transition and implementation plan. He has also been providing support for matters requiring representation before the concerned stakeholders.