GST is the greatest tax reform ever attempted: Renault India CEO - GaadiKey

GST is the greatest tax reform ever attempted: Renault India CEO

Sumit-Sawhney-Renault

GST is the greatest tax reform ever attempted: Renault India CEO

Mr. Sumit Sawhney, Country CEO and Managing Director, Renault India Operations commenting on the passage of GST bill said:

GST is the greatest tax reform ever attempted in India. The passing of the much-awaited GST Bill signals a paradigm shift with a unified tax structure which will catalyse economic growth. GST will positively impact several sectors, including the automobile industry, by minimizing and simplifying the taxation burden. GST is expected to drive overall consumer demand since the cost for the logistics and supply chain inventory will be curtailed by almost 30-40 per cent, the benefits of which are expected to be passed on to the consumers. As next steps, the focus will be on establishing a robust infrastructure and harmonizing the licensing and environmental regulations across the states.

 

Surely a big step in the direction of ease of doing business, GST also reflects the spirit of positive governance to foster collaboration that best suits the economy, businesses and the consumers alike.

He added.

What do you think about GST bill in India? Let us know by commenting below.

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Author: Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to reach@gaadikey.com for any enquiries. Follow me on twitter and facebook as well!

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