{"id":36371,"date":"2018-11-02T12:39:17","date_gmt":"2018-11-02T07:09:17","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=36371"},"modified":"2018-11-02T12:39:17","modified_gmt":"2018-11-02T07:09:17","slug":"gst-positive-for-indias-credit-profile","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/gst-positive-for-indias-credit-profile\/","title":{"rendered":"GST positive for India\u2019s credit profile:"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-business\/gst-positive-for-indias-credit-profile-moodys\/article19200370.ece\" target=\"_blank\" rel=\"noopener\">GST positive for India\u2019s credit profile<\/a>:<\/p>\n<hr \/>\n<p><strong>Context<\/strong><\/p>\n<ul>\n<li>Lot of discussion is going around the launch of GST and its corresponding impact on various sectors.<\/li>\n<li>It is being identified that the new tax regime- GST will have positive impact on India\u2019s credit profile.<\/li>\n<\/ul>\n<p><strong>Why?<\/strong><\/p>\n<ul>\n<li>The Goods and Services Tax (GST) regime will be positive for India\u2019s credit profile as it will contribute to productivity gains and higher GDP growth<\/li>\n<li>It will also support higher government revenue generation through improved tax compliance<\/li>\n<li>The Indian industry is prepared for the rollout of the GST<\/li>\n<li>The regime will contribute to ease of doing business and accelerate new business ventures.<\/li>\n<\/ul>\n<p><strong>How?<\/strong><\/p>\n<ul>\n<li>Over the medium term, we expect that the GST will contribute to productivity gains and higher GDP growth<\/li>\n<li>GST will improve the ease of doing business, unifying the national market and enhancing India\u2019s attractiveness as a foreign investment destination.<\/li>\n<li>It will improve tax compliance and administration driven by:<\/li>\n<li>incentivisation of tax credits in a GST system<\/li>\n<li>greater ease of compliance through usage of a common, shared IT infrastructure between the central government and the states; and<\/li>\n<li>a reduction in the overall cost of compliance from simplified tax rates, uniform across the country<\/li>\n<li>GST comes with the assurance that the Government will continue to facilitate investments and simplify the business environment<\/li>\n<li>Confederation of Indian Industry (CII) and Indian industry are committed to work in coordination so as to ensure the success of GST for boosting India\u2019s growth and development.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>GST positive for India\u2019s credit profile: Context Lot of discussion is going around the launch of GST and its corresponding impact on various sectors. It is being identified that the new tax regime- GST will have positive impact on India\u2019s credit profile. Why? The Goods and Services Tax (GST) regime will be positive for India\u2019s&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/gst-positive-for-indias-credit-profile\/\">Continue reading <span class=\"screen-reader-text\">GST positive for India\u2019s credit profile:<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-36371","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704895343},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/36371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=36371"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/36371\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=36371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=36371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=36371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}