Impact Of Gst On Information Technology Sector Gst Impact On It
Must – GST Impact in India The contribution of the IT sector to India’s GDP rose to approximately 9.5 per cent in FY15 from 1.2 per cent in FY 1998. It is very important for this sector to analyze, discuss and prepare for possible impacts on costs, taxes and profitability under GST. Impact of GST on Information Technology Sector Present Tax Structure in IT Sector: Under our present tax structure the sale of packaged software is entitled to both VAT and service tax....