First of its kind book on Goods and Service Tax released

AHMEDABAD: At a time when the business community is agog with the expectation that how implementation of Good and Service Tax (GST) is going to change the course of country’s economic development, a comprehensive book depicting nitty-gritty of the new tax regime – ‘GST: The Game Changer’, written by Monish Bhalla, eminent indirect tax expert, advisor & columnist -writer, was released by Indrajit Dasgupta, Chief Commissioner of Central Excise and Service Tax, Ahmedabad-Zone along with Bhavesh Lakhani, secretary, GCCI, at a function held at Gujarat Chamber of Commerce and Industries, Ahmedabad.

Dasgupta said, “With stage almost set for enforcement of state-of-the-art indirect tax system – GST from April 1, 2016, India is looking forward to initiate the biggest tax reform ever since it gained independence. After a series of deliberations and discussions lasting for more than a decade, it is now going to be a reality. It is beyond doubt that the new tax regime has a slew of features that can truly help Indian economy grow up to its potential. At this juncture, a book that discusses and debates dimensions of the new taxation regime is a definite boon.”

Talking about the book, Monish Bhalla said, “Being a member of the indirect taxation fraternity, I have tried my best to highlight the salient features of the regime including the much talked about GST Council, GST network, weighted voting formula, RNR, dual administration and compensation. I am hopeful that this book will not only give a fair view of the new taxation system to all the tax professionals and students, but the common reader will also find it interesting.”

The unveiling ceremony was attended by who’s who of the customs, excise, taxation consultation and advisors, large numbers of chartered accountants, company secretaries, government officials besides leading people from trade and industry.

Source : Times of India

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