What will be the impact of GST on inflation?2 min read 05 Aug 2016, 12:28 AM IST
The potential inflationary impact on various product categories under two scenarios of GST rate at 18% and 22% can be understood from the following chart
India’s goods and services tax (GST) dream has finally come true. However, the bone of contention—the GST rate—remains. A revenue neutral rate (RNR) of 15-15.5%, as suggested by a committee headed by chief economic adviser Arvind Subramanian is not expected to impact inflation significantly.
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