India Inc is bullish on GST

India Inc is optimistic about the impending bill which is expected to be the country's most vibrant tax reform

Published: Jul 27, 2016

The proposed Goods and Services Tax (GST) has been in the making for a decade now. It is a destination-based consumption tax that aims to end economic distortions and develop a common national market. The government has been working towards building consensus on various aspects of the tax reform, and, to keep the industry informed, has been issuing draft reports on business processes in relation to GST registration, returns, refunds and payments. Forbes India and Grant Thornton have conducted a survey that aims to analyse and understand what various industries and sectors expect from this landmark reform. Here are the key findings.

mg_87933_gst_survey_one_280x210.jpg

mg_87935_gst_survey_two_280x210.jpg

mg_87937_gst_survey_three_280x210.jpg



METHODOLOGY
The survey was conducted recently by Grant Thornton for Forbes India by sending an online questionnaire to 250 individuals, including promoters, chief executives, fi nancial controllers and tax managers, who represent some of India’s leading public and private sector companies across various sectors.

(This story appears in the 05 August, 2016 issue of Forbes India. You can buy our tablet version from Magzter.com. To visit our Archives, click here.)

Show More
Post Your Comment
Required
Required, will not be published
All comments are moderated
How the Super 50 companies achieve greatness
Thoughts on competing