The conversation between human and AI assistant.
What could be the effect of GST bill on Indian economy?
I see. Will this impact the prices of goods and services?
In the short-term, some prices may increase due to the introduction of GST, but in the long-term, it is expected to have a stabilizing effect on prices. Furthermore, the removal of multiple taxes and the simplification of the tax structure could result in cost savings for businesses, which could eventually trickle down to consumers.