Do you appreciate goods and service tax? If you appreciate on which basis?
Answers
Explanation:
India has finally introduced the goods and services tax (GST) that is going to facilitate the creation of ‘one nation, one tax, one market’. This will not only positively affect key sectors of the economy, but it will also result in a host of benefits for end consumers by way of lower prices on a wide range of goods and services, greater transparency and formalisation of the economy.
GST will transform the way India Inc conducts its business. This is due to the efficiencies created by a ‘single market’, the reduction of transaction costs in interstate movement of goods and services. While it is way too early to quantify the impact of GST on various sectors till its full implementation, this transformative reform should be extremely good for all sectors, including Indian retail.
An efficient transportation system is a prerequisite for driving higher GDP growth. Any transportation system has two critical elements: one, efficient infrastructure; two, free and smooth movement of goods across the country. While the former is being addressed by GoI with significant investments and allocation of resources for physical and digital infrastructure, GST will remove the barriers for free movement of goods.
Answer:
yes I will appreciate it because instead of so many taxes there is only one tax GST