GST & STOCK MARKET

THE GST AND INDIAN STOCK MARKET

Our Govt. put all speculations to rest recently when it announced that GST shall be implemented effective JUL. 01st, 2017, all infrastructure is ready and same shall be launched in midnight as we tasted our independence way back in 1947.
The biggest reform in taxation and removing of cascading effect of various taxes such as excise duty, service tax, VAT etc. happen in this new GOVT.’s regime and must be considered as biggest reform since 1947. The GST shall be effective JUL. 10st, 2017 and looks like GOVT. is quite prepared, though a few initial hiccups may happen.
The GST shall be levied on manufacture, sales as well consumption of goods and services and will lead to economic integration of our country.
The Idea is simple- one country and one tax structure across all states and this will remove the indirect tax system which is not only quite complicated but also gives ways of corruption and tax evasion.
The organized sector is expected to be the major beneficiary specially in those sectors where unorganized industries enjoy a large market share due to various reasons including tax evasion…
THE GST AND INDIAN STOCK MARKET

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