With the rolling out of the GST, there has been a whole set of expectations and beliefs as to how this entire system is going to have an impact on the economy and bring changes in the existing structure. The main reason behind the fight to pass the GST was to subsume the various existing taxes into just one tax (one nation, one tax) and to mitigate the cascading effect of the taxes. The expectation is that the GST is going to increase the GDP by 100-150 basis point in the coming few years. But there are analysts who believe that this new system is going to have a short term negative impact and this shall last till the time the economy gets into the line of this new system. But this disruption will mostly be reflected in the manufacturing activities. But at the end, the story is that the GST is being seen as a blessing in disguise, from which the economy is definitely going to be benefited! TO READ MORE GO TO
