On July 1, last year, the complicated web of indirect taxes was replaced by the Good and Services Tax (GST). The introduction of new tax regime was a contributing factor to positive investor sentiment as organised businesses including listed companies were expected to gain from GST. Stock prices soared, factoring in the effects of the new tax regulation.
The GST windfall
Analysts think mid-caps and small-caps in retail, logistics, plywood and plastic sectors are well-placed to benefit from the change in regulation
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