A report by Japanese financial services major, Nomura, has said, Goods and Services Tax (GST), which aims to simplify indirect tax regime, will be a game-changer for India and its implementation is likely to take place from April next year. The report said, while short-term macroeconomic implications of GST should be mixed, longer term implementation should lift growth and enable greater general government fiscal consolidation. While the fine print of the GST is still awaited, Nomura's sector impact analysis suggests implementation of the GST will be generally positive for consumption-related sectors, like auto, consumer durables and FMCG, and cement, given the potential reduction in tax incidences.