GST is a great step forward in creating a unified tax regime: Prashant Pillai, Thomson Reuters

This all-encompassing tax regime will also add to India’s appeal by improving ease of doing business by reducing transportation cycle times, enhancing supply chain decisions, thereby paving the way for India being viewed as a common national market, says Prashant Pillai, Thomson Reuters.

Aug 04, 2016 10:08 IST India Infoline News Service

"GST is a great step forward in creating a unified tax regime to ensure efficient and effective tax administration. This all-encompassing tax regime will also add to India’s appeal by improving ease of doing business  by reducing transportation cycle times, enhancing supply chain decisions, thereby paving the way for India being viewed as a common national market," said Prashant Pillai, Thomson Reuters.

"The end consumers would also benefit by an anticipated simpler tax structure and removal of cascading and double taxation. As companies cope with this changing tax regime, technology will play a critical role in ensuring this transformation and associated compliance obligations,” he added.

Related Story

Blogs & Personal Finance