How the Government would be benefited by GST?
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4
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GST offers benefits to the government, the industry, as well as the citizens of India. The price of goods and services is expected to reduce under the new reform, while the economy will receive a healthy boost. It is also expected to make Indian products and services internationally competitive.
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19
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GST is expected to bring buoyancy tothe Government Revenue by widening the tax base and improving the taxpayer compliance. GST is likely toimprove India's ranking in the Ease of Doing Business Index and is estimatedto increase the GDP by 1.5% to 2%.
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