BIG POSITIVES : GST COLLECTIONS & DOLLAR INDEX SETUP
Biggest positive new in midst of Turmoil is GST colletions
for July have exceeded targets whereas only 64% firms could file returns .
Checked with local CA offices as there is still some
confusion in filing returns and CAs are over burdened that why all returns
could not be uploaded on time.
Most of the Unorganized sector has not come under GST till
now .
Real impact will come once the E WAY BILLs are implemented
in NOV – DEC 2017 then most of unorganized guys will have no option but to get
registered for GST .
Governments Tax collection is expected to improve substantially
resulting improved TAX to GDP ratio and In turn improved RATINGs by foreign
rating agencies .
Another positive is – DOLLAR index near breakdown pattern on
charts,if it happens then the fund flows to emerging markets will resume .
USA economy is continuing to improve on various parameters
and investors are neglecting the war threat with N korea.
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