The GST council has been monitoring the feedback post GST implementation from various quarters and sections of economy. Here are some of the important updates on the decisions taken by the council in its 22nd meeting of the council held at the national capital. These are yet to be notified:
There are also provisions to provide relief for small and medium enterprises:
A mammoth economic reform such as this, is bound to have its share of hiccups and problems in transition. With regular monitoring and feedback and timely remedial measures, the economy should get well adjusted to the reform in due course of time.
With time India is becoming the primary spot for businesses to establish their businesses at. The country which is estimated to dominate the world in terms of population, is also predicted in soon time will increase its gross GDP by 7 trillion. The GST taxes applied newly, will help India to restructure its market in a way that will path way for newer industries entering Indian markets. In this case of rising competitions, businesses in India must need to secure their futures, to avoid market contradiction of their profits or their disappearance from the market. IBS India, being one of the best consultancy service provider in India, helps businesses and companies to secure their base in the business sector and to develop a strategy for further upliftment. Out of all the corporate consultant companies in India, IBS India offers services related to startup business contract in India, to assist newly established start up businesses to get a catch hold of the market function and its operation. Other than financial assistance and consulting, IBS India also serves to businesses with legal assistance through its service which offers quality business and legal consultancy service in India, which from all corners, secures the business and rolls it on the tracks of higher future returns. For more info, follow us on our Facebook page and stay tuned with us for business updates.