TMI BlogGST to have minimal impact on CPI IndexX X X X Extracts X X X X X X X X Extracts X X X X ..... GST to have minimal impact on CPI Index X X X X Extracts X X X X X X X X Extracts X X X X ..... er, assuming that GST does have the intended effect of increasing tax compliance, the tax burden would increase. This could lead companies to pass the costs of higher tax compliance on to the consumer at a later stage, said the report by Morgan Stanley. "The impact, if any, on underlying inflationary pressures is likely to be transitory. The final impact will depend on the trends in aggregat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e demand and output gap after the implementation of GST," the report on implications of GST noted. On the growth front, the financial services firm said it does not expect a front-loading of consumption that happened in other countries that implemented GST, since tax rates are not rising meaningfully. However, the report said there are still a number of uncertainties related to the impact o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the corporate sector, particularly small and medium enterprises. The impact of GST rates is likely to be positive for consumer staples and media, and negative for airlines and oil and gas, it noted. For auto, hotels and telecom sectors the impact is likely to be neutral or marginally negative, while for Cement and Steel, it should be marginally positive, it added. The GST Council will meet on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... June 3 to resolve the outstanding issues of deciding on tax brackets for remaining six categories - footwear, pearls & precious metals, `beedi', textiles, biscuits,and agricultural machinery. X X X X Extracts X X X X X X X X Extracts X X X X
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