Anonymous
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Is GST good or bad?

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Is GST good or bad?
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3 Answers

  1. It’s too early to discuss whether GST is good or bad. It is a subjective matter of discussion. Compliance burden has increased for the taxpayers. Implementation is not being done in the manner it was envisaged when the GST was rolled out.

    GST Laws will take time to settle in India it is still evolving. This question can be answered better after another 4-5 years. When benefits of the law will reap or drawbacks will show up.

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  2. GST has removed the cascading effect of taxes and thus is beneficial to many. On a lighter note, GST (Goods and Service Tax) has a ‘Good’ is it, so we can state it’s a good tax!

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  3. Being the Biggest tax reform in India, GST will allow the real GDP growth of the Indian economy to hit 6.75 per cent in this fiscal year with expectations of 7 to 7.5 per cent real GDP growth in 2018-19. SMEs and small taxpayers have benefitted from the GST system with a number of relaxations.

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