India Inc. is eagerly awaiting the passage of the Goods and Services Tax (GST) Bill, dubbed as the biggest tax reform since independence. The GST will eliminate a number of indirect taxes and levies, transforming the country into one market. GST is expected to boost economic growth and bring down costs of manufactured goods, which will increase the profitability of India Inc.
Sachin Bansal, co-founder of e-commerce giant Flipkart, said GST has the potential to create millions of new jobs.
#GSTBill will not only unlock huge productivity but also create millions of formal sector jobs - #repost https://t.co/viPt9orDtz
— Sachin Bansal (@_sachinbansal) August 3, 2016
Without GST,India won't harness its own 'common market.'We've been in BREXIT mode without knowing it!Praying for smooth passage of the bill
— anand mahindra (@anandmahindra) August 1, 2016
India in sweet spot?Good monsoon, Brexit Blues behind, low oil. Things to watch US interest rates, GST, Fcnr redemption. Achhe din for real?
— Uday Kotak (@udaykotak) July 24, 2016
As #GST enters the last mile,all political parties must be congratulated 4 what will be a landmark event in #India's economic reform process
— Sajjan Jindal (@sajjanjindal59) August 1, 2016
GST will help consumers n common folk https://t.co/SPoHyElRGp
— Kiran Mazumdar Shaw (@kiranshaw) July 28, 2016
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