The conversation between human and AI assistant.
Is consumption based GST good for Indian economy?
That sounds promising. Have there been any negative effects or criticisms of the GST system?
Yes, some critics argue that the GST system is regressive and disproportionately affects lower-income individuals. Additionally, there have been issues with compliance, with some businesses failing to register or pay the correct amount of taxes. However, overall the benefits have outweighed the drawbacks.