Abnish Kumar Sudhanshu,
Director & Research Head,
Amrapali Aadya Trading & Investments Pvt Ltd
“GST which is touted as biggest tax reform in the country is a path-breaking steps in many ways. Firstly it will turn India into a common market and removal of tax barriers will lead to greater ease of doing business. Secondly by reducing travel time and eliminating paper work it will bring efficiency in logistics and distribution activities. 3rd faster movement of goods will unlock capital locked in the supply chain and thereby improving corporate margins and lower tax on manufactured goods will make the consumer goods like Auto, FMCG, FMCD, Paints, Leathers, Ceramics etc. much cheaper. Saving in logistic expenditure for building materials like cement and RMC will lower the cost of construction or purchase of dream house. Post GST, ease of doing business, faster movement of goods, lower unlocking of capital and uniform tax rate will boost the GDP growth significantly. Post GST tabled in parliament market falls are on profit taking as the stocks had already moved on anticipation of passing of GST. We believe long term bullishness in market will remain intact and every dips are buying opportunity on GST transformation market can move to a level beyond 9000 at December end.”
