'GST will help us to transact with our customers with much ease'

Sridharan Mani, CEO, American Megatrends India

The benefits of GST are enormous but the government should focus on removing anomalies in real time so that it is a smooth sailing for GST in months with respect to robust secure proof backbone, lowering of threshold limit, proper implementation of legislation and procedure and no additional levy by sates.  

In the Pre-GST regime there were different tax slabs in different states which was making things very cumbersome. With the coming of GST, there is one tax for a particular product irrespective of the states thereby simplifying the overall process for all stakeholders. All this helps in taking brand India to a new level in terms of ease of doing business.  

 "We had several tax types paid before GST as we had central excise, VAT, CST, octroi and service tax and now, it is all only one GST and this has helped for us to do business across the country with ease. All the organization has GST registered, it is clear for us to transact with them all with much ease irrespective of any state. We had to file and submit central excise duty separately, VAT separately which was taking a lot of effort and time. We also had our partners and customers with C form where we had to send our material with CST and we had to get the C form from them which use to take months together depending on the state for us to get it to file back in the system. Now, our billing is made easy with one GST number in place,"  said Sridharan Mani, CEO, American Megatrends India.