Under The GST, the biggest tax reform in India’s history will require firms to file three online returns each month. Some business lobby groups have urged a delay to the rollout to allow more time to get ready.
The government relaxed the filing dates it will allow companies to file late returns for the first two months so that they can adapt to a new online filing system.
Positive Impact: FMCG, consumer durables, tourism, aviation, DTH cable, lubricants, laminates under building materials
Negative Impact: Luxury hotels, theme parks, luggage, breweries and distilleries, upstream and downstream oil sector
Neutral Impact: Auto, cement, banking, Agri chemicals, power and pharma
The effect of the GST Implementation can be either positive or negative on the Pharma Industry. There may be some new operational modalities to be adopted by the Pharma Industry. Continue reading “GST impact on Pharma Industry in India”