Goods and Services Tax

GST panel fails to finalise rate as differences persist

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“This is broadly good for the economy. The services sector will feel slightly bad because their effective rate would go up from 15 per cent to 18 per cent. But many service providers are also huge consumers of goods so it would not have much adverse impact.”

Amit Kumar Sarkar
Partner, Grant Thornton India LLP

This article apeared in My Digital FC on 20th October, 2016.