India Investment, Stocks, Credit Card and Retail Forum

Retail Forum of India => Indian Retail Forum and Discussion => Topic started by: komal on October 12, 2012, 01:01:30 PM

Title: GST to significantly benefit Indian retailers
Post by: komal on October 12, 2012, 01:01:30 PM

Retail Industry experts believed implementation of GST [Goods & Service Tax] can improve India’s GDP by about a percentage point, and increase the profit margins of the retail industry by about 1-2% assuming GST rate of 16%. Though 1-2% rise in margins may appear unimpressive, it will lead to significant delta considering the low profit margins Indian retailers enjoy at present.