Question

State governments financial problems after gst era

Answer 1

Hey frnd

Implementation of goods and services tax (GST) will have a positive impact on state governments’ finances in the medium to long term, according to a report by ratings firm India Ratings. Even in the short term, the impact on individual states varies across states, it said .

GST, a process towards standardisation of taxes across the country, is being criticised for its near term impact on inflation and to some extent impacting states’ autonomy in deciding tax rates.

Hope this helps u frnd