GST is indeed a significant step towards indirect tax reforms: Abhishek Bansal, Pacific India
August, 05th 2016
This is indeed a significant step towards indirect tax reforms. Apart from reducing the general expenditure burden on the customer the bill will enable ease of doing business with greater transparency and mobility across state borders, says Abhishek Bansal, Pacific India.
Since multiple taxes will be replaced by a single tax, in the real estate sector new constructions will stand to benefit. Overall impact will be economic growth and momentum, he said.