Excellent cover story!
Have read your GST cover story. It’s excellent. You have covered the impact on almost all the sectors. You could have also focused on the additional costs all sectors have to bear on installation of new softwares and added accounting costs because of GST. Also why would logistics costs come down due to GST?
- Pankaj Jaggi
Editor Responds: Dear Mr. Pankaj, thank you for your feedback.
As for your query, we think that the additional cost required for installation of new software and added accounting costs will be negligible for the larger companies we focused on in the article. The logistic costs will reduce as there will be rationalisation in the warehousing system for corporates in India and back-of-the-envelope calculations suggest the logistics cost will come down by 20 per cent. To understand the GST implications deeper, stay tuned to our products and keep writing to us to know more about the equity markets.