As we move closer to the game changing reform, BW Businessworld takes an indepth look at the changing dynamics of the industry from the experts’ point of view.
Satya Poddar, Tax Partner, EY, elaborates on the impact of the new law and the preparedness of the industry, speaking exclusively with Chahat Jain. Poddar states that the overall tax revenue paid by the taxpayers will go down by 7%. But the direct reduction in the prices of the consumer goods and inputs will boil down to Rs one lac crore of loss, coming from the pockets of the center.
He anticipates the market to stabilize in 3-4 months, leaving a positive impact on the GDP.
