Nirmal Bang has issued a concide note explaining the precise implications of GST on India's GDP growth
Nirmal Bang has issued a concise note explaining the precise implications of GST on India’s GDP growth
GST Implementation LikelyTo Boost GDP Growth In Long Run
We organised a conference call with Mr. Sagar Shah, head of indirect taxes at BDO India (LLP) to have his insight on the recent clearance of the Goods and Services Tax (GST) Bill by the Union Cabinet. According to Mr. Shah, even as the costs/prices of products/services may increase in the short run (post GST implementation), gross domestic product or GDP growth is likely to increase by 0.9% to 1.7% in the long run. However, resolution of pending issues may take longer, but the earliest possible date for GST implementation is likely to be April 2016.
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