GST Bill: What does it mean for the IT industry?

Industry bodies and analysts give their verdict on the passage of the GST bill in the Rajya Sabha and its implications for the Indian IT industry.

The GST Bill has been passed in the Rajya Sabha with more than two-thirds majority. And now, the bill will once again be introduced in the Lok Sabha for ratification of the amendments, followed by the ratification of the Bill by at least 15 states. By April 1, 2017, we should be expecting the rollout of the new tax regime.

All of these are still in the pipeline, what does GST mean for the Indian IT industry and what should be its next steps for a smooth transition to the new tax regime? Here’s what industry bodies and experts have to say about the long-pending GST Bill.