Business Confidence For July September Slides 13% On GST - Dollar Advisory & Financial Services

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Tuesday 25 July 2017

Business Confidence For July September Slides 13% On GST

Business confidence for July-September slides 13% on GST 'teething issues'

Business confidence for the July-September quarter declined 13 per cent over the last year as companies are seeing some "teething issues" on their road to compliance with the new GST regime, says a report.

The Dun and Bradstreet Composite Business Optimism Index stood at 72.1 during July-September of 2017, down 13.3 per cent from the same period last year.

"Given the scale of the changes, our respondents are factoring into their scores teething issues in the short run, learning the intricacies of the new tax regime, adjusting to the input tax credit and logistics of the GST system," said Manish Sinha, Managing Director – India, Dun and Bradstreet.

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