RISK MANAGEMENT

HOW GST BOOSTS INDIAN ECONOMY: ITS IMPACTS AND BENEFITS

Amid economic crisis across the globe, India has posed a beacon of hope with ambitious growth targets, supported by strategic undertakings such as the Make in India and Digital India campaigns.

The Goods and Services Tax (GST) is another such undertaking that is expected to provide the much needed stimulant for economic growth in India by transforming the existing base of indirect taxation towards the free flow of goods and services. GST is also expected to eliminate the cascading effect of taxes.

Related Articles

Tax cut to reduce U.S. growth after 2022 and offset earlier gains
Europe loses ground to Asia Pacific and some emerging markets when it comes to...
Asia could reduce their purchasing in light of higher prices and lead to...
Q4 GDP growth reached 6.8% while per capita disposable income grew 7.3% in real...