Thread: What is GST?
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Old June 30th, 2017, 07:41 AM
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Re: What is GST?

GST is much needed modernization of tax structure, this will force businesses to modernize, keep track of input, output and most important will be book keeping .. anybody wanting credit for taxes paid will have to fall in line, or be out of business.

I think it will be a major disruption but a cost which has to be borne. Also, many new folks will come in the tax bracket now, increasing revenues for govts which will hopefully be put in infra, social schemes.

The good thing I'm hearing this time is that govt is setting war-rooms for handling the mess.. which they didn't do during demonetization. It's a good sign that Modi govt is learning.
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