Importance of GST in Indian Economy

Importance of GST in Indian Economy

The Goods and Service Act (GST) was a major tax reform introduced in India on 1st July 2017. The primary intention of introducing the GST was to replace many other state level taxes and to bring all taxes under a single umbrella. Before the introduction of GST, the complex Indian business and trade landscape suffered from tax evasion and also reluctance from Foreign companies to do business in India.

India: As the Manufacturing hub

India as the manufacturing hub

The true success of a country can be measured through its potential to be a leading hub of research and development, a problem-solver, a high employment index, and an indispensable seat for global manufacturing needs.