The conversation between human and AI assistant.
How will the Indian economy benefit if GST is introduced?
How will consumers benefit from GST?
Consumers will benefit from GST because it is expected to reduce the overall tax burden on goods and services. Since businesses will no longer have to pay multiple taxes, they will be able to pass on these savings to consumers in the form of lower prices. This will help to improve the purchasing power of consumers in India. Additionally, the elimination of the cascading effect of taxes (where taxes are levied on taxes) will lead to further cost savings for consumers.