What is the impact of GST on cess like Swachh Bharat cess etc? What is SIN cess?

By Paras Mehra January 11, 2017

From Swachh Bharat Cess to Education cess, there are presently being 30 cesses and surcharges being levied by the government. However, proposed GST regime, all the cesses and surcharge shall be subsumed into GST tax rate.

Goods and Services Tax (GST) - Impact on Fiscal Deficit in India

By Paras Mehra January 10, 2017

The fiscal deficit is a difference between the total expenditure and the total revenue it generates during a fiscal year.

GST Impact on Common Man

By Paras Mehra January 10, 2017

Indirect taxes are born by the ultimate consumer of goods or services and hence, there is no denying fact that GST will impact every single person in India.

GST Impact on Debt to GDP Ratio

By Paras Mehra January 10, 2017

Debt to GDP ratio is the ratio between a nation’s government debt and its GDP. It is calculated cumulatively. Lower the debt to GDP ratio, sounder is the economy.

GST Impact on Exports and Current Account Deficit (CAD)

By Paras Mehra January 10, 2017

Current Account Deficit is a situation when nation’s value of imports is greater than the value of exports. It is calculated regarding percentage to GDP. Any percentage of more than 5 % of GDP will have a negative impact on the economy.

GST impact on inflation – Real impact on common man

By Paras Mehra January 10, 2017

It has been observed that GST had a long term impact on the economy despite having some short term outrages. In India, what we have is a compromised GST (or Indian GST we can say) and not the ideal GST.

GST impact on Make in India

By Paras Mehra January 10, 2017

GST will have a substantial impact on the Make in India scheme or the manufacturing sector. To dream of a robust manufacturing sector, it is imperative to have a simple, less ambiguous taxation system and GST is one of those.