Nasscom concerned over GST implementation

R Chandrashekhar, president of Nasscom says, the industry is looking at a rate of 12-16%

Software lobby group National Association of Software and Services Companies (Nasscom) said it was yet to get clarity on the rates for IT products but cautioned that the bigger challenge for the sector would be the implementation of the goods and services tax. 

“The industry is looking at a rate of 12-16 per cent. So, it entirely depends on how it gets. But, the bigger concern is how the GST is applied,” said R Chandrashekhar, president of Nasscom. 

Finance Minister Arun Jaitley on Thursday announced the four slabs – 5 per cent, 12 per cent, 18 per cent and 28