The Goods and Services tax (GST) is going to be become 15 per cent from October 1. And the same is going to have impacts, which are direct, on businesses. There will be tax cuts and loads of preparation before the deadline strikes.

And as the date draws closer there are fundamental changes that the businesses are making in their systems. From updating their computer systems to repricing and re-tagging of their merchandise to making changes in their promotional and advertising materials, a lot has been happening in this front.

Training of staff for the new systems in also one of the main activity carried out by the businesses. As for those, who are falling into the more-complex zone, the things are becoming tougher with each passing day.

No wonder then that these players are in the process of shifting the date of introduction of the tax. Professional advice is done by almost of the players.

The change in the GST level will be bringing in a lot many companies into the jurisdiction, the ones that were left alone till now. This is the first time since 1989 that an increase is happening.