Daily Archives: August 5, 2016

GST FACT

FACT hails passing of GST Bill by Indian Parliament – ready to launch GST ready ERP Software for Indian Companies FACT Solutions India hailed the passing of the Goods & Services Tax (GST) Bill by Rajya Sabha (Upper House of Parliament) as the most progressive and far reaching tax reform measure ever undertaken by the Govt of India. “The impact will be unprecedented and will transform India into a single unified marketplace”, says Mr. Arvind Agarwalla, Founder & CEO of the FACT Group of Companies worldwide. He added “GST will subsume the plethora of taxes at the central and state levels. This alone will add 2% to the GDP, propelling the country into double-digit GDP growth”. With the government pushing for an aggressive deadline of 1 April 2017, companies in India have a very short time frame to upgrade their accounting systems and ERP Software to comply with the new GST…

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