While the GST is set to increase India’s GDP by a positive 1.5-2% , it does come with a scope of mixed results for the common consumer. The unified tax system is set to increase the average tax rate upto 19-20% from the current average of 15%. While it will help clear the bottle neck for logistics, supply chain management, and tax aversion, it comes at a price to the end consumer of goods and services.
Watch this exclusive interview with KPMG India taxation head what effects will the proposed GST bill will have on the country.