PHD Chamber welcomes GST roll out and looks forward to fruitful results at the ground level

While welcoming GST Mr. Gopal Jiwarajka, President PHD Chamber said we look forward to reduction in the cost of doing business and improvement in the ease of doing business in the coming times.

Businesses are expected to perform more efficiently vis- a -vis. simplification of indirect taxes; consumers are expected to be benefited by reduction in the prices of goods and services viz. a viz. elimination of the cascading impact of indirect taxes he said.

Whereas, economy is expected to gain from efficiency of the businesses, enhanced production possibility frontiers and investors attraction towards India, he added.

We appreciate the taxes on the commodities of mass consumption in the rationalised trajectory of 5% - 12%, however, we look forward towards rationalisation of the taxes on the white goods and other consumer goods under the ambit of 28%, said Mr. Jiwarajka.

Though there is a lot of awareness at the top level, however, training of the officers at the lower levels will go a long way for the fruitful outcome at ground level, said Mr. Jiwarajka.

PHD Chamber will be continuously organising programmes on GST awareness vis-a-vis. industry , government interactions on various developments in the GST arena, he said.

We look forward to a proactive role of the government in resolving the issues and challenges faced by trade and industry under the ambit of GST, since it is the biggest tax reform ever in the history of India, issues and challenges in the implementation process cannot be ruled out, he said.

We expect fruitful outcomes would come soon and economy would head towards high growth trajectory, said Mr. Gopal Jiwarajka.