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The office of a major tax consultant is brimming with activity — on a Sunday. Its employees have been working weekends as well as holidays and have a special team for multiple clients. Their sole objective: preparing for the July 1 rollout of the Goods and Services Tax (GST).
While the Cabinet on Monday approved the GST draft laws, the exact rates have not yet been disclosed. As a result, companies are working on risk models across all the slabs keeping in mind the state and the type of product.