The GST Bottomline for India. A Change is in the Offing & We Are Ready

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Presentation Description

Though many nations in the world believe that VAT or value added tax is the best possible solution for a fair tax system, architects of modern India believe that since the applicable rates & other critical factors influencing compliances of a VAT model tend to widely vary across different states in India, there is is a risk of misinterpretation of VAT creating ambiguities for revenue collections. GST, on the other hand is modelled in a simple fashion to counter the differences in a country as large as India to offer a uniform tax structure and the revenue sharing amongst the states & the central government in proportion to the actual consumption cycles. GST comes across as an ideal tax system for a country like India, caught in ill practices like under cuttings & tax evasions. It sets out to devise a simple to implement tax structure at various stages of the supply chain. Tax on the add-on value by the manufacturer, supplier and retailer at each stage of the value chain means a fair distribution of tax paid at each and not on the entire amount. Read More at: http://ecrmsolutions.co/blog/gst-bottomline-india-change-offing-ready/

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Presentation Transcript

A Change is in the Offing & We Are Ready Too!:

The GST Bottomline for India A Change is in the Offing & We Are Ready Too!

The traditional Indian system of taxation of goods & services:

The traditional Indian system of taxation of goods & services

What is the Ideal Tax System for India?:

What is the Ideal Tax System for India?

GST for India:

GST for India

GST at Every Stage of the Value Chain:

GST at Every Stage of the Value Chain

GST Reducing the Government Revenues? :

GST Reducing the Government Revenues?

Walking the Tight Rope :

Walking the Tight Rope

The GST Timeline in India:

The GST Timeline in India

Slide11:

And India awaits this historic moment very soon ……..

SPEC INDIA is a Part of India’s Journey:

SPEC INDIA is a Part of India’s Journey

Our Vision for GST:

Our Vision for GST

eCRM –Renaissance is GST Compliant:

eCRM –Renaissance is GST Compliant All our solutions and software including our own CRM software solution, Renaissance are GST compliant. Renaissance offers its diverse, scalable and a one stop solution for customer relationship management keeping in mind the modern-day trends with its fully integrated approach as a central repository of customer information, insight into customer needs and behavior with satisfying customer experiences.

Visit http://www.ecrmsolutions.co/ & Request a FREE Demo to Know our Solution :

Visit http://www.ecrmsolutions.co/ & Request a FREE Demo to Know our Solution

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