Why Tax Needs a ‘Front-of-the-Line’ Technology Mindset
Tax leaders who want to optimize their supporting technology can get started by addressing a pervasive tail-end challenge.
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Numbers feature prominently in the narratives describing India’s massive tax reform. The country’s adoption of a completely new, highly streamlined and much anticipated Goods and Services Tax (GST) features some compelling data points, including these:
GST continues to appear on track for a July 1 implementation. Indian President Pranab Mukherjee recently completed his review and accorded approval for all the federal GST legislative bills. These bills have become laws, which will be implemented according to the government, which recently reaffirmed (but has yet to finalize) its intention of a July 1 rollout date. India’s states have begun organizing the special legislative assembly sessions that need to take place to pass the state GST bills into law. Please note that the state of Jammu and Kashmir will not be subject to the GST.
Please remember that the Tax Matters provides information for educational purposes, not specific tax or legal advice. Always consult a qualified tax or legal advisor before taking any action based on this information.
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