Home Business GST Cut to Have Limited Impact on India’s Economy: Bank of America

GST Cut to Have Limited Impact on India’s Economy: Bank of America

By
Business Editor - Nikhil Bhatt
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The recent changes in the Goods and Services Tax (GST) framework will have only a limited impact on India’s economy, according to Bank of America (BoA). BoA’s report highlights that the effective GST rate has averaged around 11% over the past few years, and is expected to decline to 10.90%

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