Lok Sabha clearance to GST encouraging : Implementation would be a potential game changer: PHD Chamber

Lok Sabha clearance to GST encouraging : Implementation would be a potential game changer: PHD Chamber

Lok Sabha clearance to GST encouraging : Implementation would be a potential game changer: PHD Chamber

 

No.PR-21
May 6, 2015
New Delhi
 

Lok Sabha clearance to GST  encouraging : Implementation would be a potential game changer: PHD Chamber
 

Mr. Alok B. Shriram, President, PHD Chamber of Commerce and Industry while welcoming the clearance of GST Bill from Lok Sabha, said that the implementation of GST Bill would be a potential game changer for the Indian economy and would lead to double digit growth trajectory in the coming times.
 

It will simplify and rationalize the complex tax structure which would be critical to remove the cascading impact of indirect taxes on economy and to create a pan India common market across the country. The implementation of GST would facilitate ease of doing business and boost up Make in India initiative of the government to provide fruitful results, said Mr. Shriram.
 

The implementation of GST coupled with green shoots in certain macro-economic indicators may facilitate the economy to enter into double digit trajectory in the medium term, he added.
 

Going forward, we look forward to the clearance of bill in Rajya Sabha and speedy implementation of GST, said Mr. Alok Shriram.
 

ENDS.

Koteshwar Prasad Dobhal
Consultant (PR)