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UBS picks gainers from imminent tax reform in India

GST implementation likely only in 2016, and in phases, UBS analysts Gautam Chhaochharia and Sanjena Dadawala said in a report.

UBS picks gainers from imminent tax reform in India

Government may introduce the bill for good and services tax (GST) reform, in winter session of the parliament, reports.

Finance minister in July said the government aims for legislation this year to implement GST.

GST implementation likely only in 2016 , and in phases, UBS analysts Gautam Chhaochharia and Sanjena Dadawala said in a report.

Says biggest beneficiaries will be sectors with a high percentage of the market occupied by unorganised participants.

UBS’ GST beneficiaries: Ceramic tiles – Kajaria Ceramics

Durables –  Bajaj Electricals ,  Havells India , TTK Prestige

Packaged foods –  Britannia Industries , Dabur India

Apparel –  Page Industries , Raymond

Battery maker – Exide Industries

Adds clarity awaited on compensation for potential loss to states, petroleum products inclusion.  

Says GST will likely result in higher tax revenues of over 1 percent of GDP.

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