Welcome GST By Dr Aprana Ghaisas

Welcome GST

GST may serve as a blessing to our economy. Apart from talked about gains like accelerated growth due to increased production, lower selling costs, it may lead to increase in governmental revenues as well. Elimination of customs duties will surely provide us much required competitive edge in international market. Amalgamation of varied Central & State taxes into a unified transparent simple tax structure, amputation of cascading effect of existing tax structure will make it more effective and easier to administer. However inadequate infrastructural support, probability of high tax rate in order to ensure same governmental revenues, political incongruity are the issues that need to be addressed.  By Aprana Ghaisas

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