IT firms eyeing $1-bn business from GST transition

Infosys, Wipro, HCL Technologies, among others vying to tap into Rs 1000-cr market

Indian IT firms could see business opportunity of over $1 billion in building and implementing solutions to help their clients become compliant with the GST regime. 

Companies such as Infosys, Wipro, HCL Technologies, Tech Mahindra and others, which implement the enterprise software of SAP, Oracle, will now have to align the technology backbone based on GST norms. 

The opportunity for these companies includes customised packages and software services implemented on the customer’s business.

Dealers or businesses would need to upload the details of their transactions and multiple returns to the government portal called GSTN and they would have to adopt technology for taxation