Question

questionnaire on gst act and its impact on gdp​

Answer 1

Answer:

GST is a multi-stage tax system which is comprehensive in nature and applied on the sale of goods and services. The main aim of this taxation system is to curb the cascading effect of other Indirect taxes and it is applicable throughout India.

What are the impacts of GST on GDP?

Preliminary results indicate that the growth in GDP can be between 2-2.5% with the implementation of a well-designed GST. The increase in exports can be between 10-14%. It is indeed a staggering impact and demands an energetic action to usher in a welldesigned GST at an early date.

Explanation:

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