GST 2.0: Structural Reform To Boost Demand, Economy; ITC, M&M, BEL Among Key Beneficiaries, Says PL Capital

There has been steep cut in taxes on auto, processed foods, personal care, cement, Ac and durables, books and stationery, hotels (3995 mm, cigarettes etc. are placed in 40% bracket..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..PL Capital Report.The Government of India has announced GST 2.0 which has indicated a reduction in taxes to the tune of Rs 480 billion and reduction in taxes on wide ranging items of daily use by common man. The measures except tobacco will be applicable from Sept 22 which will help revive festival demand. There has been steep cut in taxes on auto, processed foods, personal care, cement, Ac and durables, books and stationery, hotels (3995 mm, cigarettes etc. are placed in 40% bracket. Food delivery services are likely to be taxed at 18% now. We believe that it will boost demand for consumption-oriented companies..Key Stocks Staples - ITC, Britannia Industries, Hindustan Unilever, Godrej Consumer Products, Colgate Palmolive (India), Marico, Bikaji Foods International, Emami and Nestle India. Apparel/ Footwear – Aditya Birla Lifestyle Brands, Arvind Fashions, Metro Brands, Bata.Auto - Hero Motocorp, TVS Motor Company, Eicher Motors, Maruti Suzuki India, Mahindra and Mahindra, Hyundai Motor India, Tata Motors, Ashok Leyland. Cement – Ultratech Cement, Ambuja Cement, Shree Cement, JK Lakshmi Cement etc., Life and Health Insurance (Long term), Durables - Blue Star, Voltas, Whirlpool of India, Budget Hotels – Lemon Tree Hotels, Samhi Hotels, Hospitals (cheaper insurance – Apollo Hospitals Enterprise, Max Healthcare Institute, Aster DM Healthcare, Defense – Hindustan Aeronautics, Bharat Dynamics, Bharat Electronics etc..Click on the attachment to read the full report:.GST Exemption On Retail Insurance Set To Boost Demand; HDFC Life, Niva Bupa Among Motilal Oswal's Top Picks.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

GST 2.0: Structural Reform To Boost Demand, Economy; ITC, M&M, BEL Among Key Beneficiaries, Says PL Capital

Government unveils GST 2.0 with Rs 480 billion in tax cuts

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