INDIAN ACCOUNTANTS TO BENEFIT FROM MAJOR WINDFALL AS COUNTRY PREPARES TO INTRODUCE NATIONAL SALES TAX
September 1st, 2016
THE INCOMING adoption of a new national Goods and Services Tax (GST) in India, due to be introduced from next April (2017), is generating a major windfall of extra business over the next two years for accounting and tax consultancy firms. They are setting aside large resources and hiring foreign experts to capitalise on the opportunity.
“Virtually every single company needs to get prepared for GST, which is not only a tax change but a business transformation,” Mahadevan Subra Mani, senior director, Deloitte India, in Mumbai, told Accounting & ...
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