Why GST is necessary for India? Sakshi Lakhotia Written 4 year ago 0 0 1366 Nice work 0 0 0 1) International Competitiveness will increase by about 5% 0 0 0 2) Increased Foreign Direct Investments due to improve ease of doing business and serious reform measures 0 0 0 3) Common Market- Tax distortions due to differential tax structures and entry tax impositions. Further check post delays would not be there. 0 0 0 4) Lower transaction cost (multiples returns on different events at different rates in different States. 0 0 0 5) Increased IDT revenue as grey market operators would slowly start joining the mainstream. 0 0 0 6) This would also lead to increased Direct Tax Revenue due to higher sales/ services disclosure. 0 0 0 7) GDP Growth will go Up by about 1 -2 % after the new law stabilizes (2018-19) . 0 0 0
Nice work
1) International Competitiveness will increase by about 5%
2) Increased Foreign Direct Investments due to improve ease of doing business and serious reform measures
3) Common Market- Tax distortions due to differential tax structures and entry tax impositions. Further check post delays would not be there.
4) Lower transaction cost (multiples returns on different events at different rates in different States.
5) Increased IDT revenue as grey market operators would slowly start joining the mainstream.
6) This would also lead to increased Direct Tax Revenue due to higher sales/ services disclosure.
7) GDP Growth will go Up by about 1 -2 % after the new law stabilizes (2018-19) .