The Times of India: Indian IT Inc speaks about GST
Earlier this week, Rajya Sabha passed the GST bill. Hailed as the biggest tax reform in India since independence, GST harmonizes 11 state and central levies into a national sales tax and cuts business transaction costs. Bhaskar Pramanik, Chairman, Microsoft India, “I am pleased that the Goods and Services Tax Bill was passed in the Rajya Sabha. It is a positive development and I hope the government will implement this long pending reform by April 1, 2017. The government’s idea of a single-tax regime is crucial to improve ease of doing business in India and address the ambiguities of the current indirect tax landscape, proving beneficial for the economy, at large.”