GST IMPACT ON INDIAN ECONOMY

Reduces tax burden on producers and fosters growth through more production. TheĀ current taxation structure, pumped with myriad tax clauses, prevents manufacturers from producing to their optimum capacity and retards growth. GST will take care of this problem by providing tax credit to the manufacturers. Different tax barriers, such as…

GST SLABS

The Goods and Services Tax (GST) has been one of the key things that has caught the attention of the market given its implications on earnings of companies. The government has categorised items in five major slabs – 0%, 5%, 12%, 18% and 28%. Here is the complete updated…