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Indian techies told to prepare for tax sprint

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Ryan Pak
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National Goods and Services Tax means everything needs tweaking India recently introduced a national goods and services tax GST * and the nation's techies are now scrambling to prepare for its implementation.

Each of India's states previously levied their own GST at their own rates, which rather complicated matters for business not least because crossing some internal borders meant checking appropriate local taxes had been settled.

Prime Minister Narendra Modhi made a national GST a key reform initiative, as it is felt that one tax will increase government revenue, chip away at the black economy and reduce administrivia burdens.

The start date for the national tax has been set for April 1st, 2017.

That's no joke for Indian businesses which have to get ready to collect, consolidate and pay tax by that date.

The good news is there's impetus from the top: India's revenue secretary Dr Hasmukh Adhia yesterday called a meeting of various stakeholders to ensure their GST-related information technology efforts are under way.

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