It’s almost been six months since the rollout of the India’s most ambitious tax reform – the Goods and Services Tax (GST). An indirect form of tax, in theory it is meant to simplify things and bring down prices of goods and services by doing away with the existing plethora of taxes. It is also expected to facilitate seamless interstate trade by eliminating taxes on goods every time they cross state borders.
The introduction of GST has had far-flung repercussions since its rollout. While some companies have managed to tide the wave and emerge with an edge, the others continue to grapple with the changes. Amazon India, for instance, claims to have achieved 1.5 times faster growth than their closest competitor Flipkart in the GST era.
Towards efficient governance?
The most recent wave of amendments, such as the government’s move to set up a mechanism wherein data obtained through GST reporting could be correlated with the income-tax filings, is aimed at throttling the wave of fake brands that are emerging to bypass the rule books. Regulation of the informal sector, along with more opportunities to capture data, is ushering in streamlined practices across industry verticals. GST reporting can be used to compile a more up-to-date monthly or quarterly index. GST is expected to allow a spatial perspective on how the economy will be impacted by new regulations.
Previously, more than 200 items attracted the highest GST of 28 percent. Currently the number stands at just 50. This is a result of the government’s efforts to rationalise the structure of the brand new indirect tax. What makes the domain interesting is the constant shifts that occur and their corresponding impact.
Helping you keep pace with changes
BSE India’s certificate programme on GST, with a progressive module, arms you with all the necessary resources to understand the regulatory changes and guide your organizational strategy such that maximum impact is derived from financial operations. While those in the realm of investment banking and corporate finance would be more inclined to take up this module, this course can be pursued by anyone with an active interest on the topic. If you’d like to understand how to help your company cope up with the transitory shifts occurring as a result of regulatory changes, the GST module is a must-have for you. This learning will also help you make prudent marketing choices for your firm, which will aid optimization of revenue streams and lead to better profitability.
- Ideal for Stock Brokers, Investment Bankers, Investors, Students
- Specialized knowledge
- Enhanced problem-solving skills
- Employable skill for Industry and self-employment
To know more about the course, visit bit.ly/2iIH7kN.
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