As­sess the Im­pact

The Economic Times - - Companies: Pursuit Of Profit -

The dip in sales could be tem­po­rary, and fears about the coun­try be­ing flooded with tex­tile im­ports could also be mis­placed. An im­pact anal­y­sis is in or­der for the GST Coun­cil to make an as­sess­ment. Pro­duc­tion costs will come down in the long run as GST al­lows man­u­fac­tur­ers to claim credit for all the taxes paid on in­puts across the value chain. Bring­ing sec­tors of the econ­omy that are ex­cluded from GST un­der the new levy will also give the lee­way to re­duce rates.

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