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The Consumer & Retail sector is growing rapidly and is extremely dynamic. Due to constant disruption, managing business has become complicated and cumbersome.
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At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our...
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At Grant Thornton, we assist dynamic Indian businesses in the Real Estate & Construction sector throughout their business life cycle by offering robust...
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Goods & Service Tax
Retail sector wants full FDI in multi-brand segment
30 Jan 2018
"The sector can also benefit from better GST tax rates. For one, the government can consider reducing the GST rate on rentals on commercial property down from 18 per cent to a lower tax slab. Small retailers can be encouraged to make investments in technology by giving them tax breaks. For instance, if a kirana store owner invests in buying a computer and software, the government can give a tax break by allowing 100 per cent depreciation or by offering a subsidy."
Dhanraj Bhagat
Partner, Grant Thornton India LLP
This article appeared in The Hindu Business Line on 30th January, 2018.
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