Automobiles, logistics, home decor, e-commerce, media and entertainment, and cement sectors are projected to create 11-18% additional jobs annually after implementation of GST.
According to TeamLease, around 10 to 13% additional jobs are expected to be created every year by consumer durables, pharmaceuticals and telecommunications sectors.
"The uniformity and the reduction in the average tax burden offered by GST will provide a great impetus to employment creation," TeamLease Services Co-Founder and Executive Vice-President Rituparna Chakraborty said.
The report noted that the predictability of cost of products manufactured or services rendered across the country would improve enterprise productivity.
This would also trigger an expansion of services, capacity and product ranges, resulting in a subsequent increase in manpower requirement, it added.
With GST, TeamLease said revenue collection from the general sales tax would grow from the current level of 6.3% to 11.49%.
"Service tax, central excise and customs will also witness growth leading to greater funding towards workforce welfare and sustained job creation initiatives," the report said.
The study, aimed at understanding the impact of GST on job creation, covers 11 industry verticals including BFSI (Banking, Financial Services and Insurance), automobile, telecommunication, pharma, IT/ITes and e-commerce.