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GST Versus Jobs

GST Versus Jobs
New Delhi
GST, India's biggest tax reform since Independence, will pave way for a range of job opportunities.

"We are expecting an annualised growth to the tune of 10 -13 per cent in formal job creation on account of GST," Indian Staffing Federation's President Rituparna Chakraborty told Business Standard.

GlobalHunt's MD Sunil Goel pointed out that 50,000-60,000 jobs will be created for specific activities for GST.

However, global burger giant McDonald's is decreasing its operations before implementation of GST in the country. 

Also Read: Impact Of GST On Educational Institutes: Highlights

Media reports confirmed that 43 out of 55 outlets of the global food chain McDonald's shut down in the national capital on June 29, 2017, two days before the implementation of GST in India. 

"It's unfortunate, but operation of 43 restaurants operated by CPRL has been temporarily suspended," Vikram Bakshi, former managing director of CPRL, which operates 168 restaurants, told Economic Times.

Important points at a glance:
 
50,000-60,000 jobs will be created for specific activities for GST.

10 -13 per cent in formal job creation on account of GST.

43 out of 55 outlets of the global food chain McDonald's shut down two days before implementation of GST.

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