In an exclusive chat with ET Now, Harsh Mariwala Marico speaks about the GST implementation from July 1, 2017 and it's impact.I think, this date was announced earlier but there were a lot of doubts that whether the government will be able to complete all the ground work in terms of getting all the parties on board but this announcement it is backed by all the states, it is a very good development and I think GST is one of the biggest reforms as far as indirect taxes are concerned.So, if there is a great alignment between the centre and the states I think it is very good news. I hope that between now and July where some of pending matters need to be resolved it does not again get derailed, the matters to be resolved primarily on rates and classification of goods which could be a bit touchy between centre and states but let us wait and watch if there is an overall desire to implement that and build a consensus I think this reform will have a big impact on the Indian economy I hope not because the rates have not yet been discussed with the states. There is a separate group which is working on the rates, the bands have been discussed in terms of different bands but the actual category, what product will go in to which band has not yet been discussed. So I think, few other things are also pending.But I think, this weekend the GST Council is meeting and we will get a much more clearer picture post this weekend whether whatever announcements have been made by the government is it on track or not because I think many a times politics overtakes economics and though the political parties sometimes say yes they may-- they have a tendency to go back on their own words. So I am hopeful that if this announcement is made so emphatically, this will go ahead but let us wait for this weekend’s meeting to just to get the final grip in terms of the date.There will be a learning curve for all the industry players and I think the bigger companies and the more organised companies will be far more readier in terms of meeting up the challenge and the bigger problem will be the smaller and the medium scale industries which require-- they need to operate in a different manner and there is a certain lead time which they will need to ensure that they operate in the right way. The benefits; one is overall benefit in terms of structural benefits, logistics cost and warehousing cost. Other is the rates, you know, whether that is beneficial or detrimental will depend on the kind of goods you are dealing in and what category it is falling in so that is something which is difficult to answer.I do not know whether this going to be part of the GST Bill, you know, if it is a part of the GST Bill then I think there was a demand from many states that you know that this clause should be put in but I think it is going to be very difficult to implement this clause because to exactly look at what is-- we are operating in a very dynamic environment with inflation deflation and I think to say that okay somebody is profiteering because of that one will have to look at the total cost structure. So I think though it may get featured in the bill but it is going to be very-very difficult to operationalised this and it may lead to some degree of disputes between the industry, trade and the government.I think, it may take a little longer because you know every time we do not get a firm picture in terms of what is the exact of implementation, unless we get that we cannot plan in terms of our where our warehouses should be located, you know you can do a theoretical exercise on paper but only once you know the date then you can start finalising the new C&F agents, the new warehouses and the availability of that, all that one will have to see. So I think it could take a little longer than three months to start getting the benefits.I do not know. I am not an economist to say that this is the figure....All I can say is it is a big reform whether it will lead to 1%, 2% I do not know, I am not the right person to answer that question.