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Uncover the synergy of modern retail’s growth, employment boost, and tax benefits in India’s evolving market
A sector outpacing GDP growth, Retail is navigating the pandemic-induced business uncertainties and rapid transformation with tech innovation & adoption. This Technopak white paper discusses impact of this churn in retail on taxation and employment
Contrary to forecasts, modern retail is acting as a complimentary contributor to employment in the traditional retail space. Also, GST roll out has been a boon to retail with its salient features such as tax rationalization, tax saving with ITC, supply chain streamlining, uniformity of markets and reduced tax evasion.
A sector outpacing GDP growth, Retail is now navigating the pandemic-induced business uncertainties and rapid transformation with tech innovation & adoption. At play is the synergy of the traditional and the modern with tech as the enabler. This synergy has resulted in creation of new jobs, employment avenues and widening of the GST tax net.
What is also propelling the sectoral advancement is the homebound populace which is leveraging the symbiosis of the online channels with offline ones. This Technopak white paper discusses impact of this churn in retail on taxation and employment.
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