GST rollout to help BSE get 10,000 listings

The rollout of the GST (Goods and Services Tax) may result in more companies listing in the stock exchanges.

Ashishkumar Chauhan, managing director and CEO of BSE is expecting that GST will help the bourse increase its listing from current 5,500 companies to nearly 10,000 in the coming years after the tax is implemented.

Chauhan reasoned that the GST regime, while doing away with several local taxes, will help usher a uniform tax regime which will help several companies to grow.

"Besides, it will also help in promoting the ease of doing business and many companies' profitability will go up", Chauhan said on the sidelines of an MCC Chamber of Commerce event here.

These companies, which will grow in profitability as well as volume of business will require funds and this can be done by either listing in the bourses or resorting to take loans from the banks.

Chauhan however, expressed optimism that with the growing amount of interest in the stock market option to raise funds rather than opt for bank loans, the firms to resort to listing on exchanges and BSE will be a key beneficiary.