Regarding GST, it is good in a way for us because earlier in the VAT regime all our products were in Right to Use of Goods which is treated as a sale in 22 states, of which Karnataka is one. With GST coming in Right to Use of Goods comes under Service Accounting Core and from the business perspective there is a lot of clarity. What I have noticed with GST implementation is that the capex of many corporate has come down and the rentals have increased. Here in Bangalore, the IT rental market has picked up for the last two-three months.
GST is the way forward. There is no escape from this.
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