Eliminate tax on tax
I think it’s a great move to have a single tax across the country. This would mean that there will be no disparity in taxes in Tamil Nadu and Kashmir or Bhubaneswar and Mumbai. It will also eliminate the tax on tax, which we pass on to the consumer. However, the quantum of GST and the level at which it is pegged will in itself have a major impact. Thus, anything between 18-19 per cent is great, but if it goes above 20 per cent, it won’t be very positive. However, overall, it’s a fantastic move.