Australia’s ‘An India Economic Strategy to 2035’ No. 2 – GST and E-way creating huge demand for services

I would have liked the “India Economic Strategy to 2035” to focus more on how the introduction of the GST and the transport E-way system is creating all kinds of new business demands in India.

In particular, Indian businesses are now being driven towards massive business process improvements. Service providers in this plus tax plus logistics are in big demand.

The GST was cited as the biggest tax change in history. Associated with it is the E-way which is electronic documentation detailing the movement of goods exceeding Rs50,000 in value.

Goods out of the e-way bill’s ambit include perishable items such as meat, milk and milk products and fruits and vegetables. Other items that don’t need an e-way bill are gold and silver jewellery, cooking gas cylinders, raw silk, wool and handlooms.

The e-way bill is a key anti-tax evasion measure and is a crucial part of the GST architecture.

The transformation coming from these reforms is huge. The previous state border taxes led many companies to have production and warehousing where they otherwise would not make sense, so now the opportunity is for great efficiency.

Helping Indian business cope with the GST and E-way bills, and then achieve the business process transformation opportunity arising from them should be a big target for Australian consultants and providers.

Author: Stephen Manallack

Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand. Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication. Passionate campaigner for closer western relations with India. Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India. A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s