BMR Advisors

BMR Advisors

BMR Advisors is a professional services firm offering a range of Tax, Risk and M&amp;A advisory services for domestic and global businesses of all sizes. Founded on October 1, 2004, the firm has won the confidence of several Fortune 500 companies and is the partner of choice for their advisory services. The firm has been consistently rated amongst the top tax and M&amp;A brands in India. It has a team of over 600 professionals with extensive functional and industry expertise across service areas, and is well-equipped to deliver world-class services to our clients. For additional information, visit <a href="http://www.bmradvisors.com/">www.bmradvisors.com</a>


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Although we are on the heels of implementation of a transformational and dynamic tax regime; i.e GST, it seems that the Model GST Law is more or less a work-in-progress document, leaving some important questions unanswered
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Proposing ‘one GST rate’ has never believed to work for a country as diverse as India; as a result, 5 rate bands are now being considered for taxing goods under GST
A view of the Indian parliament building (B Mathur / Reuters)
The Finance Minister presented the regulatory and tax proposals in the Lok Sabha today – much along the expected lines, with a view to promote investment and consumption without compromising on fiscal discipline
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While the Budget saw a larger fiscal focus on infrastructure, similar thrust on infrastructure was missing in the Finance Minister’s tax proposals
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Decision around the scheme by the Government in the present Budget will have a bearing on the continuity of the scheme and also possibly provide foresight in the manner in which the benefits may grandfathered under GST
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The key expectations from Union Budget 2017 is to have 'certainty and clarity of tax laws/, 'ease of doing business' and ‘efficiency in the Public Private Partnership (PPP) model'
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In the current global environment, India would be well served by a policy regime which attracts long terms investors, even if that is at the cost of some loss of tax revenue in the near term
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