​GST: Rates slashed; Making GST more palatable
The GST Council, in its 23rd meeting, has made significant changes to the tax framework, pruning the tax rates and easing the compliance burden for SMEs. The reduction in taxes is estimated to have an impact on government revenue to the tune of ~INR200b. We believe the reduction in duties will benefit sectors like consumer, light electrical and home building. This, in our view, should benefit companies like HUL, GSK Consumer, Gillette, Nestle, Havells, Crompton Consumer, Finolex Cables, Kajaria Ceramics, Somany Ceramics, Century Ply, Bata, VIp Industries, Interglobe Aviation and Jet Airways among others.
Major overhaul in GST rates
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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