comprises of GST, GDP, Inflation, Forex, benifits etc.

2.  The concept of goods and services tax popularly known as GST
 The GST has a 'dual' structure, which means it has two
components- the Central GST and the State GST
 GST is expected to simplify tax administration, ensure ‘Ease of
Doing Business’ and promote ‘Make in India’

3.  It has reshaped the indirect tax structure by a subsuming
majority of indirect taxes like excise, sales and services
levies
 This has removed the complex indirect tax structure of
the country, thus improving the ease of doing business
in the country

4.  Exports have become more competitive as the GST has
eliminated the cascading impact of taxes.
 cascading tax, taxes applied at every stage in supply chain
without any deduction for the tax paid earlier.

5.  Impact on growth rate due to reduction in direct cost and capital
inputs pegged the improvement in growth rates between 1.5%
and 2%.
 GST could boost India’s GDP by 0.9-1.7%.
 GST is a key for India’s GDP in times of challenging global
environment

6.  rate at which the general
level of prices for goods and
services is rising and
consequently, power of
currency is falling.
 If the rates are set at
6,12,18,26,4 ℅ CPI
(Consumer price index )
could decreased by 0.06
percentage points.

7.  The passing of the GST was the welcome news for the Indian
rupee (₹) .
 GST will lead higher foreign direct investment and a narrow
current account deficit-factors that should help the rupee to
increase.

8.  The tax reforms through GST had played a crucial role to attract
large-scale investment.
 GST has reduced the cost of production and allows the hassle
free supply of goods

9.  The clean-up of the Indian taxation system has reduced the
number of excise duty exemptions.
 According to the estimates, excise tax exemptions result in
foregone revenues of ₹1.8 lakh crore
 India loses about 2.7% of GDP because of these exemptions.

10.  It can be concluded that GST has provided relief to producers
and consumers by providing wide and comprehensive coverage
of input tax credit set-off
 Efficient formulation of GST will lead to gain in resource and
revenue for both Central and States
 It can be further concluded that GST have a positive impact on
Indian sectors and industry