The implementation of GST (Goods and Service Tax) will not only have a positive impact on the ease of doing business but also will boost job market with 1 lakh job opportunities.
Indian Staffing Federation’s President Rituparna Chakraborty said the GST (Goods and Services Tax) will make procurement and distribution of goods much faster while cash flow is expected to become more predictable and profitability should improve, too.
Leading executive search firm GlobalHunt’s MD Sunil Goel said, “On an estimation, it looks like it will create more than one lakh jobs immediately from the first quarter of the implementation date and another 50,000-60,000 jobs will be created for specific activities for GST, going forward.”
Mid- and small-sized companies will prefer to outsource similar activities to the third party account firms, he said.
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