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Proposed GST rates suggest limited impact on most sectors

Goods and Services Tax - GST - Dated:- 4-11-2016 - Multiple GST tax slabs are perhaps necessary in India given the wide disparity in consumption levels and they are likely to have limited impact on most sectors, says a report. A large number of tax s .....

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tructure aims to minimise the impact on CPI inflation and revenues of governments as the proposed GST rates are similar to current 'overall' rates for most goods, the report said, adding that hence, we see limited impact on overall government .....

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bps impact on inflation from higher tax rates on 15-20 per cent of the CPI basket (including some services) with no impact on around 50 per cent of the CPI basket (food, education, healthcare) which are zero-rated and the rest with broadly unchanged .....

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