Majority of Businesses May Still Not Be GST-Ready: Survey
The countdown to GST is on and the news that majority of Indian businesses are still not ready is a bit unsettling. A survey from Ginesys gives the numbers.
May 16th, 2017A survey by EasemyGST – a portal run by the ERP solution provider Ginesys – shows that as many as 68% of businesses have only limited or no GST-readiness, 18% had only a basic understanding of the new tax regime, while only around 14% were actively working towards GST adoption. With less than 50 days left for the go-live date, these metrics are unsettling. The hardest hit are the small and medium businesses who lack both understanding and the resources to adopt GST compliance tools readily.As reported in Times of India