GST will revolutionise the entire tax skeleton of the country. It will not only create a single window tax system but it will also woo FDI which will further fuel country's economy, believes the expert.

Deepak Parekh, Chairman of one of the largest lenders of India HDFC backed government's revolutionary move.

While commenting on GST (Goods and Services Tax) he said that the GST regime will boost India's economy and will push nation's growth by 150-200 basis points (bps).

India's GDP has witnessed a robust growth of seven percent in 2016 and will continue to skyrocket in the years to come, believes market analysts.

Another renowned industrialist, Adi Godrej, advocated this massive economic reform and stated, that, once the GST framework will be in place things will change for better and government treasury will swell with revenue.