India has one of the most complex tax system in the world. For new businesses and startups, it can be extremely difficult to navigate through the multifaceted direct and indirect tax laws prevailing in the country. Constant changes to taxes are making things even worst. MSI's Indian accounting member Chokshi Group explains further.
To combat the same and boost economic growth in the country, India has brought into effect its biggest reform since the 1991’s opening of the economy, the implementation of GST with effect from 1