India is not only the world´s biggest democracy; it is a vibrant and confident country taking positive steps to invest in its future. This growth programme is driving major change, creating jobs and stimulating significant opportunities for investment. This is particularly true of real estate and infrastructure
Infrastructure encompasses the whole spectrum of vital services such as roads, railways, civil aviation, shipping, power generation and transmission, telecommunications, postal facilities and urban development. Adequate infrastructure facilities are an absolute necessity for rapid achievement of sustainable economic growth.
The Goods and Services Tax (GST) is beyond doubt the most revolutionary tax-related reform to be seen in India in several decades, since it will eliminate the conflicting and cascading taxation structures, which have confounded several industries over the past few decades. It will most certainly have a profound effect on India’s economic prospects.
The Goods and Services Tax (GST) – India’s biggest tax reform post-independence – was implemented on 1 July 2017. This new tax regime seeks to transform the Indian economy with its ‘One Nation, One Market, One Tax’ principle by subsuming a host of indirect taxes charged at varied rates by the Centre and states, therefore bringing uniformity in taxation across the country.