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GST bill Impact on Economy

Discussion in 'Technical Analysis' started by nivezastock, Aug 4, 2016.

  1. nivezastock

    nivezastock New Member

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    #Nivezareview on #GSTbill ::

    GST bill is one of the most important reform from economic point of view,. It will create single tax system in the indirect tax system. All other taxes such as CST, excise, VAT will vanish and one common tax will come into the place. Hence it will make easy to collect it and as well as tax evasion will become tough. It will also remove the tax on tax or multiple taxes kind of effects and thus it will bring down the overall tax burden on certain sectors such as Auto and Ancillary, Cement, Media, FMCG, Consumer goods and durable etc. So in long run there will be huge benefits for the country and consumers and it will help the revival of the economy as a whole.

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