The ‘Constitutional Amendment Bill’ was passed in the Rajya Sabha recently to introduce a country-wide goods and services tax (GST), shifting the focus on the tax rates. So, how will it affect the Indian IT environment? “We see GST as a big move towards a ‘One Nation One Market’ concept that turns India into a single largest common market. It will lead to savings in not only logistics & distribution costs, but also in the overall tax savings for companies that have pan-India operations like Xerox. While the rate of GST is yet to be decided, a rate of around 18-19% in which multiple levies get consummated, should reduce the overall tax impact on companies – thus resulting in further savings. With respect to channel partners, we believe it will also enable a faster supply fulfilment and efficient allocation of resources,” said Ashraf ElArman, managing director, Xerox India.
GST and its affect on Indian IT environment
The ‘Constitutional Amendment Bill’ was passed in the Rajya Sabha recently to introduce a country-wide goods and services tax (GST), shifting the focus on the tax rates. So, how will it affect the Indian IT environment? “We see GST as […]