https://www.taxtmi.com/news?id=18057 Implementation of Goods and Services Tax is projected to have minimal direct impact on the Consumer Price Index basket because most CPI items would face lower GST rates than current levies; however, increased tax compliance under GST could raise firms' tax burdens and lead to cost pass through to consumers, producing a likely transitory effect on inflation depending on aggregate demand and the output gap. The report also signals sectoral winners and losers and highlights uncertainties for small and medium enterprises and unresolved rate bracket decisions. en-us Mon, 22 May 2017 16:53:23 +0530 Mon, 22 May 2017 16:53:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18057 Implementation of Goods and Services Tax is projected to have minimal direct impact on the Consumer Price Index basket because most CPI items would face lower GST rates than current levies; however, increased tax compliance under GST could raise firms' tax burdens and lead to cost pass through to consumers, producing a likely transitory effect on inflation depending on aggregate demand and the output gap. The report also signals sectoral winners and losers and highlights uncertainties for small and medium enterprises and unresolved rate bracket decisions. News - Mon, 22 May 2017 16:53:23 +0530 https://www.taxtmi.com/news?id=18057