Consultancy firms see silver lining: impact of Demonetisation and GST

Digital push provides more training opportunities demonetisatio he consultancy sector is one area where demonetisation of high-value notes and implementation of the Goods and Services Tax (GST) seem to have had a positive effect.

Consultancy firms have seen an increase in demand, say industry members.

Sumit Peer, founder and CEO of Aurelius Corporate Solutions, a leading knowledge solutions integrator, said, “Our business has improved a lot, with more training opportunities on Enterprise Resource Planning (ERP) customisation and automation of homegrown Customer Relationship Management (CRM) solutions. We have seen good demand on programmes like SAP-GST from all segments of the market.”

Rshmi Khetrapal, founder of Count Magic, a GST software company, said demonetisation and GST has helped create transparency and increase tax base and revenue. “A large number of shell companies have been identified. This has helped our business grow much faster. India was a largely cash-driven economy, but a large part of the country’s population has now opted for digital transactions,” Ms. Khetrapal said.

This article has also been published in The Hindu

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