One year of GST: Fiscal deficit likely to remain under check; 3 sectors and 2 stocks to bet on
Prashanth Tapse of Mehta Group said the impact of GST on macroeconomic indicators is likely to be very positive in the medium-term Year 2017 will forever be etched in Indian history as the year that saw the implementation of the biggest and most important economic reform since Independence — the Goods and Services tax (GST). It's been one year since GST came in and, given the magnitude of changes it entailed, it may be premature to pass a verdict on its success today. It has been a pleasant experience so far —the government has been proactive and business-friendly in addressing the challenges. Despite some teething problems in managing compliance-related requirements, implementation of GST is seen as directionally positive. We believe that GST has reduced the complexity of indirect tax regime significantly and is a key milestone in the government's efforts to improve ease of doing business in India. Overall, we expect that the GST Council will bring taxat...