GST is an indirect tax which was introduced in India on 1st July 2017 and was applicable throughout India. GST is not going to be an additional new tax but will replace other indirect taxes. As the GST was introduced by replacing the old indirect tax structure it will defiantly affect the Indian Economy. Now we can take look on them.
From the viewpoint of the consumer, customers would now have paid more tax for most of the goods and services they consume. The GST implementation has a cost of compliance attached to it. As per the RBI’s...