The conversation between human and AI assistant.
What will be the impacts of gst on our economy?
Can you tell me about the impacts of GST on our economy?
The implementation of GST has had both positive and negative impacts on the economy. On the positive side, GST has simplified the tax structure and improved compliance. It has also led to greater transparency and reduced transactions costs. On the other hand, the initial implementation phase caused some disruption and there have been concerns about the impact on certain sectors like small traders and farmers.