GST impact on corporates, economy, real estate and markets

Implementation of the goods and services tax (GST) bill is a now one more step closer to reality, as the government unveiled the taxation rates / slabs for a host of products and services last week. 

Here is how leading research houses and brokerages have interpreted the announcements and their impact on the economy, corporates, real estate segment and the equity markets.

NOMURA

We believe that while corporates would pass on the direct benefits of GST (like a lower tax rate), they would aim to retain partly (if not fully) the indirect benefits from the saving in logistics costs,