GST to boost economy, enterprises in long run: Sony India MD

Even as the jury is still out on the implications of Goods and Services Tax (GST) on the domestic economy, electronics goods major Sony India managing director Kenichiro Hibi on Thursday said in the long run the decision was beneficial for India.

He observed GST was good for the country and would usher in more transparency in the system through pilferage proof systems and compliances.

“Currently, we are in the transitory phase of GST and there are some challenges regarding registrations and compliance with the new taxation system. But, Indian economy and enterprises would benefit hugely with GST in the long run