https://www.taxtmi.com/news?id=17012 Demonetisation and GST are described as coordinated measures to enlarge the formal tax base, promote digitised expenditures, improve transaction traceability, reduce tax evasion, and bring more funds into the banking system; penalties on unaccounted money are identified as an additional inflow. Short-term disruption from currency withdrawal is acknowledged (about a quarter), but medium- to long-term benefits include potential lower interest rates, higher GDP, and structural changes in business and social practices following GST implementation. en-us Fri, 02 Dec 2016 15:59:17 +0530 Fri, 02 Dec 2016 15:59:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17012 Demonetisation and GST are described as coordinated measures to enlarge the formal tax base, promote digitised expenditures, improve transaction traceability, reduce tax evasion, and bring more funds into the banking system; penalties on unaccounted money are identified as an additional inflow. Short-term disruption from currency withdrawal is acknowledged (about a quarter), but medium- to long-term benefits include potential lower interest rates, higher GDP, and structural changes in business and social practices following GST implementation. News - Fri, 02 Dec 2016 15:59:17 +0530 https://www.taxtmi.com/news?id=17012