July 4, 2017 / 7:14 AM / 2 months ago

BRIEF-Fitch says GST should boost India's long-term growth prospects

July 4 (Reuters) - Fitch:

* Fitch: GST should boost India's long-term growth prospects

* Fitch says GST is unlikely to increase revenue in short term

* Fitch says GST is likely to boost revenue indirectly over long term, as it supports GDP growth and encourages tax compliance

* Fitch on India's GST - large companies will now have an incentive to pressure smaller suppliers into compliance

* Fitch says are significant short-term risks involved in GST implementation, emphasised by late changes to bill, disruptive roll-out of demonetisation Source text for Eikon:

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