Goods and Service Tax to impact annual budget too?
August, 19th 2016
The Goods and Service Tax once implemented is going to trim down the Union budget.
As per reports, experts say that Part B of the budget, most accounted for the secrecy which enwraps the annual budget, will in all probabilit, be cut down by almost 50 percent, after GST becomes a reality.
The Goods and Services Tax or GST is aimed at reforming indirect tax structure in the country; in the process develop a common domestic market and cut out multiple levies.
Exerts add that the changes triggered by the Goods and Service tax may reflect from the Budget 2018-19.