Tapping into the burgeoning BFSI market
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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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Our healthcare and life sciences advisory team brings together a combined experience of over 50 years to help businesses navigate through changes, new...
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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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M&E practice encompasses team of dynamic professionals with deep technical knowledge and extensive experience of working across segments say television, print,...
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Tailored service offerings to Not for Profit organisations and CSR compliance services for dynamic businesses
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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 and Services Tax
Fake news, myths, confusion prevent steady roll-out
26 Jun 2017
"It ignores the fact that there would no cascading of taxes in GST; also, eligibility of credits across goods and services would result in a positive impact on the overall pricing of most products negative impact on closing stock with distributors and retailers in terms of taxes embedded, as also an increase in prices of new stocks which would be purchased under the GST regime due to a consequent increase in taxes, to be ultimately borne by such distributors and retailers and unable to be passed on to end-consumers, due to an already fixed MRP (maximum retail price),"
Krishan Arora
Partner, Grant Thornton India LLP
This article appeared in Business Standard on 26th June, 2017.
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