1. CEO Poll – Industry's Preparedness of GST
CNBC-TV18 | BMR Advisors
CEO Poll – Industry's Preparedness of GST
May 2017

2. Respondent Demographics
9.38%
3.13%
4.69%
4.69%
4.69%
3.13%
3.13%
4.69%
6.25%
Automobile
Aviation
Chemicals
E-commerce
Energy
Engineering
Fin Services
FMCG
IT/ ITeS
Logistics
Manufacturing
Media
Pharmaceuticals
Power
Real Estate
Services
Steel
Others
3.13%
20.31%
3.13%
3.13%
3.13%
3.13%
4.69%
3.13%
12.50%

3. Question 2
45.31%
How prepared is your organization to implement GST from July 01, 2017?
Less than 10 percent
10 to 50 percent
50 to 80 percent
More than 80 percent
31.25%
18.75%
4.69%

4. Financial and operational loss
Question 3
Do you expect your organization to benefit from GST - operationally and financially?
Yes, there would be benefit both operationally and financially
Financially there would be benefit but operationally there would be loss
Financially there would be loss but operationally there would be benefit
No, there would be loss both operationally and financially
Operational Benefit
Financial Benefit
35.94%
20.31%
17.19%
26.56%

5. Question 4
Please rate the following impact areas in order of their importance for your organization for GST implementation. (1 being the lowest and 5 being the highest)
Alignment of IT systems and undertaking compliances
Personnel training and HR management
Logistics and supply chain management
Review of pricing policy in view of changes in tax structures
Addressing policy level issues with the government specific to your industry

6. No Yes Can’t say 62.50% 17.19% 20.31% Question 5
Given the current level of government’s preparedness, do you expect July 1, to be a realistic timeline for GST implementation?
Yes No
Can’t say No
17.19%
20.31%
Yes
Can’t say

7. Deferral by more than 2 months
Deferral by 2 months
Question 6
Deferral by 1 month
No deferral
Would you want GST implementation to be deferred?
Don’t want GST to be deferred
Yes, GST should be deferred by 1 month
Yes, GST should be deferred by 2 months
Yes, GST should be deferred by more than 2 months
42.19%
31.25%
7.81%
Deferral by more than 2 months
18.75%
Effectiveness of Digital India

8. Yes No Can’t Say Question 7
Do you expect your IT system vendors to provide robust GST solutions well in advance?
Yes No
Can’t say
Yes No

9. 18.75% 0-50 percent 32.81% 50-80 percent 48.44% > 80 percent
Question 8
What is the expected level of IT automation (vis-à-vis manual intervention) for tax determination and invoicing requirement?
Less than 50 percent
50-80 percent
More than 80 percent
18.75%
0-50 percent
32.81%
50-80 percent
48.44%
> 80 percent

10. Question 9
What is the level of preparedness of your IT systems presently to undertake compliances under GST?
Less than 50 percent
50-80 percent
More than 80 percent
50.00%
40.63%
9.38%

11. Question 10
YES NO
Do you think that your organization/ industry has been able to adequately advocate their key concerns before government/ working groups?
Yes No
46.88%
53.13%

12. Can’t say
Yes receptive but no change has been made in laws and rules yet
Question 11
Do you think the GST Council has been receptive to the concerns represented?
Yes, the final laws and rules address most of our key concerns
Yes receptive but no change has been made in laws and rules yet
Not receptive
Can't Say
40.63%
Yes, the final laws and rules address most of our key concerns
31.25%
Not receptive
18.75%
9.38%

13. Question 12
According to you, what is the level of preparedness of your partners – vendors and customers?
Less than 30 percent
30-70 percent
More than 70 percent

14. 15.63% 45.31% 21.88% 17.19% No impact No analysis undertaken
Question 13
45.31%
21.88%
Do you think your pricing would be impacted by GST?
No, there would be no impact on pricing since GST rates are expected in line with current rates
Pricing would be impacted marginally
Pricing would be impacted substantially
No analysis of pricing undertaken since GST rates are awaited
No impact
No analysis undertaken
17.19%
Marginal impact
Substantial impact

15. Question 14 34.38% Yes 48.44% No 17.19% Can’t Say
Have you finalized your transition strategy and cut- over strategy including inventory management, yet?
Yes No
Can’t say
34.38%
Yes
48.44% No
17.19%
Can’t Say

16. YES 18.75% CAN’T SAY NO 9.38% SOME OF THEM 34.38% 37.5% Question 15
Do you expect your distributors/ retailers would de-stock or stuff ahead of GST implementation?
Yes
Not all, but some of them may No
Can’t say
NO 9.38%
CAN’T SAY
37.5%

17. Question 16
In terms of criticality, rate the following measures expected from the Government for assisting the businesses for a smooth transition to GST. (1 being lowest and 3 being highest)
Effective advance ruling mechanism, possibly providing for additional benches during the transition phase
Establishing grievance cells and Expert Committees for redressal of various operational and legal issues
Lenient approach by the authorities in invoking penal provisions during initial phase of implementation

18. Question 17 What according to you would be most challenging under GST?
Undertaking compliances
Maintaining accounts and records
Training people internally and externally in the organization

19. 57.81% 26.56% 15.63% Question 18 1-2 years 2-3 years 3-5 years
How soon do you expect excluded sectors (electricity, petroleum, real estate) should be brought within the ambit of GST?
1-2 years
2-3 years
3-5 years
26.56%
1-2 years
2-3 years
3-5 years
15.63%