The much-awaited GST regime finally seems in the offing.

Hailed as the 'biggest taxation reform ever' in India, GST will turn India into one common market. It is expected to make it boost ease of doing business across sectors in the country.

Wonder what it means for the IT and telecom industry, here's what analysts and experts say.

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GST will eliminate multiple levies for IT companies. It will also allow deeper penetration of digital services.

However, several IT companies have more than one delivery centre and offices working together to service a single contract.

With GST, companies might require each centre to generate a separate invoice to every contracting party.

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Duty on manufactured goods is going to go up from existing 14-15% to 18%, which means the cost of electronics from mobile phones to laptops will rise.

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According to Nasscom president R Chandrasekhar, GST may create multiple taxation points for IT companies.

He said, "We feel that today for IT services, it is a simple regime. One single point of taxation which is central service tax, one single point of registration, one single invoice, one single place where you have to go for any refund.

Now under GST regime, it could be as high as 111 points because you have CGST (Central GST), IGST (Interstate GST) and SGST (State GST). We have 36 states and union territories.

All put together, it becomes 111 different (taxation) points," he told reporters on the sidelines of a programme here."