GST not the trigger for rise in retail stocks: Noel Tata

Tata feels that the recent increase in valuations has anything to do with GST

The goods and services tax (GST) is expected to change the way people do business. Noel N Tata, the chairman of Tata-owned Trent, tells Raghavendra Kamath that he expects retailers to benefit from simplification of their operations because of the homogeneity of rates across states and categories as well as additional tax set-offs under the GST. Edited excerpts:

How would GST roll-out benefit retail companies?

The biggest benefit of the July 1 roll-out of the GST has been the removal of a significant uncertainty that has been on the horizon for Indian businesses in terms of the indirect tax regime