GST will put millions of Indian youth to work
In a bid to gear up for the rollout of Goods and Services Tax (GST), companies across sectors are pushing to sort their GST teams, which has led to an increase in the hunt for tax and technology professionals.
Some of the sectors such as FMCG, consumer goods, pharmaceuticals, real estate, banking and insurance, are burning the candle at both ends to form a firm team to benefit from the new tax regime, as per industry experts.
As per estimates, it has been predicted that the GST is set to create jobs for 1.3 million professionals.
Consultants and experts in the field have stated that the GST portal, where companies are registered, will eventually need about 9 million assesses. For instance, if one per cent of large companies requires five people to handle GST-related issues, and 10 per...