One of the fears about the Goods and Services Tax (GST), globally, is that consumer prices can stay higher for longer because tax increases are passed on faster than tax cuts. Thus, Australia and Malaysia had to take steps to curb inflationary pressures after introducing GST.GST Council in India has assured that the effective tax on all businesses put together would be lower under GST than now.
Source - http://economictimes.indiatimes.com
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