siliconindia | | July 20194The introduction of the Goods and Services Tax (GST) in India effective from July 1st is proving to be a noteworthy step in the field of indirect tax reforms in India. Amidst economic crisis across the globe, the country has created hopes with its ambitious growth targets, supported by a bunch of strategic initiatives such as the Make in India, Digital India campaigns and GST implementation. The GST initiative has provided the much needed stimulant for economic growth in India by transforming the existing base of indirect taxation towards the free flow of goods and services. The proposed taxation system holds great promise in terms of sustaining growth for the Indian economy.Following the GST reform, several organisations have geared up to this transition to be compliant to GST. The transition has fuelled organisations to revamp their IT systems ­ particularly in invoicing, purchasing and financial reporting to account for new tax structures. The compliance has also thrown unique challenges to businesses which are addressed by consultants who strive to assist them to make a smooth transition from pre-GST era to post-GST era with GST Implementation & Transition, GST Training, GST Law Implications. Such professionals are more like general Tax and Accounting professionals who are appointed to file returns on behalf of taxable firms and individuals. These consultants certify expert guidance and advice to various businesses that deal with the sale and purchase of goods and help them to implement the GST program effectively, train them about the scheme, and teach them about the implications of GST Law. Also, as an important part of their role, they understand businesses can revamp its Supply chain and operations, apart from complying with GST law and laid down procedures. In our current edition, we have featured a list of 10 Most Promising GST Consultants. The GST regime has brought good news to consultants who have been seeing a rise in demand from businesses across sectors to help them navigate the mammoth tax reform and get ready for its implementation.Do let us know what you think.Nandini MukherjeeSpecial Editoreditor@siliconindia.comEditorialConsultants are navigating the huge Tax Reform Vol 02 · Issue 12 - 1 · July, 2019 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Special Editor Nandini Mukherjee Editorial Team Amit Raja Naik Hridkamal Roy Aparna Roy Imelda Tarzania John Roshan Anto Shefali Mathur Sophia Rohtagi Srrayvinya OLM Sujith Vasudevan Sushruth R Trisha Pragya Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindia.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2019 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comGroup Art DirectorAshok KumarCirculation Manager Magendran PerumalVP - Sales & Marketing Virupakshi Pattar Visualisers S Sivasankar Vishnu T RAmeet Kumar Sahoo Shivanshu Patel Tapas Ranjan Mallick NoidaGarima Anand Ashu SethiCONSULTANTS
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