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Policy● Neutral for Indian equities
GST compliance burden weighs more heavily on smaller unincorporated firms
The brief
- Firms with annual turnover below Rs 4.9 lakh are likely to bear higher compliance costs
- Estimated compliance costs range from 3.28%-13.9% of annual turnover
- GST Council to simplify processes, cut penalties
- Another price hike inevitable due to higher input costs: Tata Motors PV MD Shailesh Chandra
- GST Council’s October 7 meeting to focus on process reforms; no broad rate changes expected
- Buzzing Stocks: ESDS Software slips 5% despite 14% profit jump; JSW Cement falls on ₹230 crore GST notice
- GST Council to review proposed levy on UPI merchant fees above ₹2,000