GST

Goods & Services Tax

This is the most important reform since independence; towards “one nation, one tax”. GST was implemented with the objective to provide a simplified, single tax regime in line with the tax framework applicable in several major economies across the globe. GST law in India is an all-inclusive, multi-stage, destination-based tax that is levied on every value addition. However, as the journey progressed organisations and businesses faced various challenges, ranging from new and unique concepts, complex documentation, the high rates of certain goods and services to complex or unclear treatment of several common transactions. We, at Lexport, have identified the challenges being faced by the industry due to sudden introduction of the new regime and have been providing hand-holding to organisations to wriggle out of these complexities. We specialise in indirect taxation, and our team maintains complete transparency and utmost integrity in upholding the firm’s high ethical standards.