GST reforms to be implemented from 22 September can bring a positive change for India’s economy. According to Crisil Report, due to these reforms, the earnings of Indian companies can increase by 6-7% by fY 2025-26. Especially FMCG, Consumer Durables and Automobile Sector will get direct benefit as the prices of products of these sectors will fall down. These changes will not only reduce prices, but will also increase the consumption in the festive season, which is about 15% of corporate revenne in India. The GST cut on two -wheelers in the Automobile Sector expects an increase in the demand to 200 Basis points in the demand, as it holds 90% of the total demand. Hotel sector is also relieved – GST has been reduced from 12% to 5% on a room up to ₹ 7,500. At the same time, the tax on Premium Class in Air Tickets may have increased, but the Economy Class, which gives 90% revenue, will continue 5% tax on it. These changes will not only give relief to consumers, but will also speed up India’s industrial growth.
According to Crisil Report, these companies will benefit the most of GST reforms. Paisa Live | According to Crisil Report, these companies will benefit the most from GST reforms
