India has a complicated taxation system.
This is made even more complex thanks to its federal system with each state
having its own taxation rules and regulations. This makes it difficult for
business houses and organizations, and very often, the complex tax structures
end up having a negative impact on consumers as they end up paying more for
goods and services.
The proposed Goods and Services Tax or
GST has been in the pipeline for quite some time. Finance Minister Arun Jaitley
hopes to pass the bill by April 2016. The author takes us on a journey from the
history of taxation in India, to its current practices and the future…if GST is
implemented. You can learn about the intricacies, pros and cons of GST in this
easy-to-read, pithy book.
Mallikarjuna Gupta is an associate member of Institute of Cost Accountants of
India and also has a Master’s Degree in Financial Management; he is a Post
Graduate Diploma holder in Computer Sciences and is experienced in areas of in
Finance, Accounting, Costing and Project Accounting in the manufacturing
industry and IT industry for fifteen years. He has developed and implemented
Enterprise Resource Planning applications and Business Intelligence tools.
has addressed tax requirements from setup data, transaction processing and
reporting. He has worked in the areas of Central Excise, Service Tax, Value
Added Tax, Import Duties, and Tax Collected at Source and Tax Deducted at
Source using multiple ERPs. He has also mile-stoned efficiency at Brazilian
Taxation, Korean withholding taxes, Malaysian GST and European VAT.
a lead architect, he designed a unique solution for one of the ERPs for
taxation, where users can configure the complex Indian tax requirements and the
proposed Goods and Service Tax. He is a socially responsible citizen and has
been actively involved in many activities and projects on Environment and Road
says, “A healthy mind needs a healthy body.” So he keeps himself active as a
marathon runner, hiker, photographer, and adventure sports enthusiast. This
energy resulted in a flow of thoughts, plans and information and he is writing
another book. ‘From verge of Hospital Bed to Bungee Platform, Millets the
ignored super bowl of food’ – tips on how to follow a healthy diet.