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Indian IT Eyes Crores Of Rupees In Revenue As Firms Rush To Get GST-Ready

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India’s information technology (IT) industry is likely to benefit in a big way as the goods and services tax (GST) roll-out leads to companies spending a few thousand crores of rupees in becoming GST-ready.

“For the GST regime, businesses and organisations will have to upgrade the enterprise resource planning (ERP) and billing systems. It will be a very large and complex transformation and, therefore, it will create a huge opportunity for the IT services companies,” said Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research.
Gogia believes that it would not only bring in opportunities for technology services, but also for professional services to simplify the taxation and compliance processes for various organisations. In fact, technology services, professional services and necessary hardware upgradation put together, businesses may spend, Gogia added, few thousand crore rupees.

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Analyst:

Sanchit Vir Gogia: Sanchit is the Chief Futurist, Founder & CEO of Greyhound Knowledge Group, a Global, Organizational Transformation Research, Advisory & Consulting Group. He also serves as Chief Analyst & CEO of Greyhound Research, an Global,Award-Winning, Independent Digital Transformation Research, Advisory & Consulting firm. To read more about him, click here.


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