impact of gst on national income

Dear student,

Any new policy/ implementation on economy will create problems initially. Similarly GST will initially create some issues for taxpayers. In the long run, GST will have quite a favourable impact on Indian economy. Some sectors will have more favourable impact compared to others under the proposed GST. GST will have favourable impact on organised logistic industry and modernised warehousing. GST will remove cascading effect of taxes . GST will increase national income in long run.

Regards

 

  • 0
increase in national income
  • 0
Gst is to replace other indirect taxes like sales tax , VAT etc. So it wont have an impact on national income
  • 0
What are you looking for?