GST

The Indian Indirect tax regime is decorated with multiplicity of laws which are also constantly evolving through legislative action, departmental clarifications and judicial decisions. Further, the regime is on the verge of being replaced with a more integrated system in the form of the proposed Goods and Services Tax (‘GST’). These features, coupled with the overall increased rigour in tax administration and the possible re-alignment of existing exemptions and incentive schemes result in the creation of a complex tax environment for companies operating to set up operations in India.