Business Leaders And Founders Give Their Insights Into The New GST Reforms

2. Sunil Rathi, Founder & CEO of Halomax Lighting, Luemin Lighting, Infinityz Designs

Sunil Rathi is a visionary entrepreneur and lighting innovator with more than two decades of experience in transforming how spaces are illuminated. As the Founder & CEO of Halomax Lighting, Luemin Lighting, and InfinityzDesigns, he has built a legacy of blending international trends with Indian sensibilities—turning ordinary lighting into extraordinary experiences.

Sunil Rathi thinks that "the new GST reforms are definitely a step towards meaningful change". Under Sunil’s leadership, three distinct brands have taken shape: Halomax Lighting, Luemin Lighting and Infinityz Designs. Together, they offer a complete spectrum of architectural, premium, and decorative lighting solutions across India.

3. Amar Nagaram, Founder & CEO, Virgio

Amar Nagaram believes " The recent GST reforms mark a pivotal shift for India’s fashion sector, streamlining taxation and bringing greater clarity to both manufacturers and retailers. By rationalizing rates and reducing compliance complexities, these reforms create a more level playing field across the value chain, from fabric suppliers to designers and e-commerce platforms. Consumers, too, stand to benefit from greater transparency and potentially more competitive pricing. At a time when the fashion sector is rapidly blending creativity with technology, GST reforms provide the financial agility needed to fuel growth, encourage formalization, and strengthen India’s positioning as both a global sourcing hub and a vibrant fashion market."

4. Kaushal Mehta, Managing Director of Walplast

Kaushal Mehta shares his take on the new GST reform "The reduction in GST rates on key building materials is a timely and welcome move that will lower construction costs, enhance housing affordability, and improve project viability. These reforms will benefit consumers through better value and stimulate economic activity in the real estate sector. By boosting consumption and supporting inflation control, they strengthen purchasing power and employment. With construction being a cornerstone of employment and growth, the reforms have the potential to accelerate infrastructure and real estate development, propelling India’s GDP growth beyond 8%.”

5.  Sidhantt Suri, Founder & CEO of Urban Harvest & DeliverIt

"The new GST reforms are a progressive step toward simplifying India’s tax framework, with rationalized slabs and streamlined compliance. For logistics and last-mile players, measures like expanded e-invoicing and automated ITC-matching mean greater transparency but also demand quick system upgrades. While taxing delivery charges may create short-term margin pressures, the long-term benefits of faster refunds, reduced complexities, and supply-chain efficiencies outweigh the challenges. At Urban Harvest & DeliverIt, our focus is on optimizing billing and routing to pass on efficiencies to customers. With industry collaboration, these reforms can strengthen logistics and boost India’s global competitiveness." says Sidhantt Suri.

6. Sirish Korada, Managing Director & CEO of BINDZ

Sirish Korada, a seasoned finance and consulting leader with over two decades of experience across investment banking, accounting, and advisory, believes the newly announced GST 2.0 will be a game-changer for India’s economy. Sirish further points out that rationalized GST on construction inputs will spur real estate development, boost housing demand, and generate jobs in the construction sector. Calling GST 2.0 “Diwali arriving early,” he emphasizes its role in shielding India from global volatility by strengthening domestic demand. At BINDZ, Sirish channels this foresight to help organizations navigate change with resilience and opportunity.

7. Abhishek Mathur, Co-founder Covah & Congo Gurgaon

“As someone deeply involved in the hospitality industry, I see these new GST reforms as a game-changer. The simplification of tax slabs and reduction on key food inputs directly impact how we manage costs in our kitchens. Ingredients like dairy and staples being moved into lower or nil GST categories mean our procurement becomes more efficient and predictable. Add to that the faster refunds and smoother compliance procedures, and it eases a lot of operational pressure that restaurants have faced for years. Ultimately, this gives us more flexibility to price our menus fairly, invest in better customer experiences, and pass on value to diners. In a competitive market like India, these reforms can truly accelerate growth for F&B businesses.”

8. Anurag Dania, Co-founder of Covah & Congo Gurgaon

“The recent GST reforms are a welcome step toward simplifying India’s tax structure. For the hospitality sector, especially restaurants and nightlife, streamlined compliance means we can focus more on innovation and customer experience rather than navigating complexity. Transparency and uniformity across states will reduce operational hurdles for growing brands like ours and encourage organized growth. At Good Game Investments, we also see this as a catalyst for attracting greater investor confidence into F&B ventures. Overall, it’s a progressive move that aligns with India’s vision of ease of doing business and sustainable industry expansion.”

9. Mukesh Kumar, Founder of M Sanvi real estate pvt ltd

Mukesh Kumar said " The GST 2.0 reforms mark a transformative moment for India’s real estate sector. The rationalisation of slabs and the reduction of GST on cement and construction materials from higher slabs to 18% will directly ease project costs, creating room for greater affordability for homebuyers. At the same time, exemptions on health and life insurance strengthen the ecosystem around financial security, which is equally critical for aspiring homeowners. For a sector that fuels both infrastructure and employment, this next-gen GST brings long-term stability and renewed confidence benefiting not just developers but also the millions of families aspiring to own a home".