Quote on GST 2.0 by Mr. Jyoti Prakash, Managing Partner, Equity and PMS, AlphaaMoney

Below the Quote on GST 2.0 by Mr. Jyoti Prakash, Managing Partner, Equity and PMS, AlphaaMoney
“Industries benefiting from cut to consumption tax include Pharma, white goods, automobiles, packaged foods, toiletries etc. As we move closer to the date of implementation, it will be known how much of tax cuts are passed on to the consumer. It will also help determine the impact of tax cuts on headline inflation. The fact that there will be no additional compensation cess above 40% rate is a clear signal by the GST council to keep things simple.”
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