MOSL: GST-Clears the last lap; All set for July rollout
​GST: Clears the last lap; All set for July rollout
In its 15th meeting on June 3, 2017, the GST Council finalized the rates for the pending commodities (refer to exhibit-1 for details) and cleared the pending rules related to transition provisions and returns, paving the way for the rollout of GST with effect from July 1, 2017. Once again, the government has struck a fine balance to contain inflation by keeping tax rates as close to the current rates as possible. The Council has also increased the input tax credit (during transition) on items chargeable at more than 18% GST to 60% (v/s 40% proposed earlier) to address the industry’s concerns on loss of input credit that had led to destocking in the supply chain. Further, a committee has been formed to address complaints on anti-profiteering. We believe the changes in the tax rates will positively impact Page Industries, and will be neutral for Arvind, Titan and Britannia.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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