Highlights of 20th GST Council Meeting

The 20th meeting of GST council was held in New Delhi on August 5, 2017. The below information is uploaded on the basis of GST Council’s decision and it will be subject to further vetting during which the information may undergo some changes. Key takeaways from such meeting are as under:- Continue reading

Posted in GST |

GST Impact on Exports & Imports in the Textile industry

Since exports under GST would be zero rated, this would give a competitive edge to textile exports from India which is facing a strong competition from Bangladesh, Pakistan etc. Hence, integrated textile companies should see this as an opportunity, as the advent of GST will spur the textile sector with major capital investments bringing the cost of capital down. Continue reading

Posted in GST |

Impact of GST on Textile Industry

The tax rate under GST is higher than the current tax rate for the textile industry. Despite this, the textile industry would benefit from the introduction of GST due to following changes: Continue reading

Posted in GST |

Family Offices – A Boost for the Start Up Eco-System

According to the latest data released by the World Bank, India’s GDP is expected to reach USD 5 trillion by 2025. After taking 60 years to reach the USD 1 trillion mark, India added the next trillion in just seven years. As per the latest IMF forecasts, India’s real GDP will grow at 7.6 % in 2016-17 and 2017-18 which is the highest among the major economies. Continue reading

Posted in Transaction Advisory |

Proposed Financial Year change from 2018

The Union Government is planning to change the financial year accounting from January to December, from 2018. If implemented, this would be another major change after the Budget presentation on February 2017. Continue reading

Posted in Finance Budget |