What is the role of GST in India’ increased rank in Ease in doing business?

GST’s incorporation provides another significant leap in the doing-business rankings for India It is to be noted that the latest Ease of Doing Business report by the World Bank did not take into account the implementation of the Goods and Services Tax GST) from July 1.

Although passage of the GST Bill was clearly a watershed moment for the economy, but even otherwise there has been a sustained effort to simplify licensing and tax structures, thereby, making India a much more investment-friendly place to do business. On 1 July, as India shifts its indirect tax system to the Goods and Services Tax (GST) and its accompanying infrastructure, the transition is not going to be smooth — it has not been so in any of the world’s 122 jurisdictions. And, the positive or negative impact of India switching to GST will not show up until 2019, and six months after the next general elections. 1 July, as India shifts its indirect tax system to the Goods and Services Tax (GST) and its accompanying infrastructure, the transition is not going to be smooth — it has not been so in any of the world’s 122 jurisdictions. And, the positive or negative impact of India switching to GST will not show up until 2019, and six months after the next general elections.

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