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Gst Impact On It Sector Blog
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valuation
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cash flow
accounting services
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The long-awaited GST bill whose purpose is to unify and simplify the Indian tax structure has implemented from 1st July 2017 and majority of industries are falling under the blanket of its impact. However, the Information Technology industry with services like website design, software development, mobile app development and more, it one of the major industries that will be impacted. With the purpose of safeguarding the financial independence of the States and the Centre, the government has suggested a dual GST structure, under which State GST as well as Central GST will be applicable for every supply of good. Though this may seem basic, the IT industry may have some difficult changes that need to be turned in to.
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