Here's How Dalal Street is Reacting To The Passage of the GST Bill

The Goods and Services Tax has become a reality as the Rajya Sabha passed the GST Constitution Amendment Bill with unanimous votes on Wednesday. 

The amendment is the 122 nd to the Constitution and will now head to the Presdent of India's door after it was earlier passed in the Lok Sabha. 
Here's how Dalal Street reacted to the passage of the Bill: 

Mihir Vora- Director and Chief Investment Officer, Max Life Insurance 
The passage of the Bill further enhances confidence in India's commitment to economic reforms. 

While implementation will take a few quarters, the writing is now on the wall - the organized sector will gain at the cost of the informal sector. 
In the short-term there may be some fiscal strain (depending on the rate finally implemented) but in the long-term, tax buoyancy will help in narrowing down the deficit. 

Original Source: http://bit.ly/2gPfeWs