Most of the industrial bodies across the country have welcomed this taxation structure. They had been waiting for this tax rejig for past one decade which is now taking shape finally. The GST Act will have the biggest impact on transportation, logistics and delivery companies. It will reduce transportation time and cost less to send the product to different parts of the country thus reducing the overall cost of the product. This reduction in the net cost of the product can be reciprocated by companies to customers in the form of lower MRP.
However, companies would have to revamp their accounts and churn out new plans to manage these issues. This is a one-time investment after which their products would cost less and they can earn the same margin even after keeping the MRPs on the lower side.