Stressing that the Goods and Services Tax (GST) would prove to be a game changer for the economy, the industry body said the end of logjam will boost business sentiments with the removal of cascading effect on taxation.
In a major breakthrough in the implementation of India's biggest tax reform, the deadlock over administration of GST was broken yesterday after the Centre agreed to allow states control over most of small taxpayers. However, the roll-out date was pushed back by three months to July 1.
He said its implementation would be a major game changer for the economy and accelerate the economic growth.
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