India: Under the Umbrella of GSTSoon GST will be ushered-in and if implemented properly, it is going to become the epitome of socio-economic development by countering the biggest concerns of growing economic disparity among states. It will pioneer an effective system that will improve compliance mechanism in India, which at present is rigorous and complex. GST is India’s biggest-ever tax reform that will monitor all organized and unorganized segments equally, help streamline present tax-system, curb tax-evasion.Because of simpler taxes, the ‘One-India One-Tax’ formula will invite more foreign companies to invest and set-up commercial establishments in India, thereby, leading to more job creation and additional revenue generation in the country. The council has prepared the draft and has proposed a dual-monitoring structure within GST, comprising the Centre and the states. So, even if one set of tax authorities fails to detect evasion, then another authority may not.Under the umbrella of GST regime, every transaction will be reported electronically on the common web-portal of the government GST Network. And for all digitized expenditures, we will have a taxation system far more efficient, extremely difficult for the evaders to run away without paying taxes. Even IMF has quoted that GST “adoption is poised to help raise India’s medium-term GDP growth to above 8”. It is prudent of the policy-makers to defer the rollout date of GST to July, with the intentions of contriving a cognizant bill rather than an early-rolled-out premature bill.Since digitization is our future, in this month’s Investors India we are including a complete story on digital revolution in India for our esteemed readers. If you are a parent, then you need not worry anymore about the amount you need to fund your child’s education, read our special edition on how you can create an investment portfolio for your child’s future needs. A woman plays different roles. And in order to celebrate women’s financial success we have good investment ideas for her make to make wise financial decisions. Apart from being a professional she is a mother too, a role model for her children. Lifestyle Planning, this month, is cherishing all the mothers so, go ahead and read this segment dedicated exclusively to develop child’s moral values at every step of life.