GST - boon or bane?

IN the National Budget that was just announced by the Prime Minister for the year 2014, one of the major issues was the introduction of the goods and services tax (GST), which will replace the present sales and services tax.

The new tax regime will take effect from 1st April, 2015 at the rate of six per centum (6%) and is presently at the center of the debate by supporters on both sides of the political divide.

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