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Industrialists' response to GST

The government has decided to slab 4 tax slabs while reforming a big reform in GST, under which the price of everyday things to small and big cars will be affected. Finance Minister Nirmala Sitharaman has announced the rate cut at the 56th GST Council meeting. The new rates will be effective from September 22. The country's big businessman and startups King has given its response to the GST reform. From Anand Mahindra, Harsh Goenka to Gupta, has commented on GST.

Anand Mahindra, Chairman, Mahindra Group

Anand Mahindra said that more and faster improvement is the best way to consume and increase investment. These improvement will increase the economy and will further raise the voice of India in the world. But remember that famous slogan of Swami Vivekananda, get up, wake up and do not stop until the floor is found. So, please bring and improve.

Harsh Goenka, Chairman, RPG Group

This is a big Diwali gift for every Indian. GST has decreased on everyday things, healthcare, education and farming items. Grocery will be cheaper, healthcare will get relief, education will be cheaper. This improvement is a step towards the "GST of the next generation", which will make life easier and boost the economy.

Sanjeev Goenka, Chairman, RP-Sanjeev Goenka Group

#NEXTGENGST reforms are welcome, which keep the common people first. These improvement will give new pace to the economy by making essential things cheap, by promoting healthcare and education, and strengthening farming. This shows the thinking of inclusive development of PM Narendra Modi and Finance Minister Nirmala Sitharaman.

Anish Shah, Group CEO and MD, Mahindra Group

GST improvement of next generation. There is a big step for India to create an easy, fair and inclusive tax system. In Mahindra, we consider them to be a game-changer. They make compliance easier, increase consumption and give the industry a chance to invest with confidence.

Nilesh Shah, MD, Kotak Mahindra AMC

The announcement of GST will reduce inflation, increase growth, improve the mindset of consumer, there will be no hindrance in fiscal consolidation, it will be easy to do business and the bad effects of tariffs will be reduced to some extent.

Shailesh Chandra, Siam President and Tata Motors MD

This is a step taken at the right time, which will bring happiness for consumers and will bring new life to the automotive sector. Vehicles, especially entry-level segments, will now be cheap. This will benefit the first time the vehicle buyers and middle-class families will benefit greatly.

Sanjeev Asthana, CEO, Patanjali Foods

In Patanjali Foods, we are fully committed to deliver these benefits to our consumers. This initiative will not only benefit urban and rural people.

Rajneesh Kumar, Flipkart Group

By reducing the input cost of farmers, making compliance for MSME, and by adding small vendors, artisans, weavers and small farmers to e-commerce easily, these improvements will further strengthen India's development. Before the festive season, their applying at the right time will increase consumption, will increase the market rich and intensify the path of developed India.

Girish Wagh, Executive Director, Tata Motors

The GST Council's decision to make GST rate to 18% on commercial vehicles - trucks, buses, and ambulances - is a big improvement in India's mobility. This will speed up fleet modernization, promote safe, smart and eco-friendly vehicles. By solving the old issue of inverted duty for transporters, it will increase affordability and liquidity, which will strengthen the entire commercial mobility system.