Interview With : Yogesh Dhingra, CFO & COO, Blue Dart
Updated on: 16 Jun 2016
In an interview with ET Now, Yogesh Dhingra, CFO & COO, Blue Dart, discusses the prospective changes in the business environment that GST is likely to usher in. Excerpts:
ET Now: So, GST has got one more step closer to being launched. How bullish are you for your business as a result of this? Yogesh Dhingra: It is a good move that this long-awaited bill will get passed. We are happy about it at a macro level.
However, certain things need to made clearer. The government should ensure simplicity in terms of compliance, registration, etc. Mind you, the entire concept was about ease of business and transparency. So the work load on corporates should not be increased.
Those are the areas that we need to really work on — especially place of provision of service and registration. They have not really given any scope for central registration. But if you are operating in every state and UT, you'll end up filing close to 100 returns every month. Those may be electronic, but that is hardly any consolation.
It is going to be good for the economy and industry. But these issues must be sorted out first.
ET Now: After GST comes into force, how will the switch from state service tax benefit you as a company?