GST, demonetisation reset India’s FMCG distribution business in 2017

Dual disruptions caused by demonetization and the implementation of the Goods and Services Tax (GST) have permanently changed the way India’s largely unorganized and fragmented consumer goods distribution network operates. Distributors are struggling with a higher compliance burden and associated costs and have trimmed inventory levels, according to industry executives and distributors. While discontinuation of […]

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Coimbatore: Over 22 lakh petition against GST on insurance premiums

Claiming that insurance industry has been heavily hit by the imposition of 18 per cent GST, the All India Insurance Corporation Employees Union on Wednesday said that about 22 lakh people have signed petition to Prime Minister opposing GST on insurance premiums. The new GST system has brought additional burden also by taxing new areas, the […]

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IT firms eyeing $1-bn business from GST transition

Indian IT firms could see business opportunity of over $1 billion in building and implementing solutions to help their clients become compliant with the GST regime.   Companies such as Infosys, Wipro, HCL Technologies, Tech Mahindra and others, which implement the enterprise software of SAP, Oracle, will now have to align the technology backbone based […]

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What the education sector can expect once GST kicks in

Education is a major sector of any economy, the quality of which, very often, determines its future. It has been a fundamental right since the Right of Children to Free and Compulsory Education Act was passed by the Parliament in 2009. Thus, it is the country’s foremost duty to ensure the provision of and accessibility to […]

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