Investors beware: Stock markets are not prepared for GST disruption

Short-to-medium term pain has not been accounted for; compliance may be burdensome

With the July 1 Goods and Services Tax (GST) roll-out in place, a critical area from the government’s perspective is the readiness of the Goods and Services Tax Network as compliance to the new regime is entirely dependent on the efficacy of the service providers. 

The government has to ensure that smaller businesses in Tier-2 and -3 cities are ready as this community is, by and large, clueless, while at the same time, their awareness is critical for GST's success. 

The organised sector will have to get their processes and information technology (IT) systems aligned. Also, we have a huge