Taxation impact on major manufacturing sectors largely neutral

CRISIL Research has highlighted industry-specific impact based on the current tax slab

Business Standard 

CRISIL Research has highlighted industry-specific impact based on the current tax slab, announced GST rate and likely shift in business practices in the medium term.   Among these major sectors, few segments of automobile and FMCG would witness positive impact due to lower tax incidence compared to the total tax paid pre-GST.   GST Impact on key stakeholders   All tax payers   With need for registration and filing of returns in multiple states, compliance costs are likely to go up. Overall tax compliance, too, is expected to go up. This will also impact some of ...

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Read our full coverage on GST

Taxation impact on major manufacturing sectors largely neutral

CRISIL Research has highlighted industry-specific impact based on the current tax slab

CRISIL Research has highlighted industry-specific impact based on the current tax slab CRISIL Research has highlighted industry-specific impact based on the current tax slab, announced GST rate and likely shift in business practices in the medium term.   Among these major sectors, few segments of automobile and FMCG would witness positive impact due to lower tax incidence compared to the total tax paid pre-GST.   GST Impact on key stakeholders   All tax payers   With need for registration and filing of returns in multiple states, compliance costs are likely to go up. Overall tax compliance, too, is expected to go up. This will also impact some of ... image
Business Standard
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