GST Reforms Will Not Cause Serious Fiscal Slippages: Analyst

Brokerages have hailed the proposed GST simplification and rate rejig, saying it will give a boost to the sagging domestic consumption without causing serious fiscal slippages.

- ENS ECONOMIC BUREAU @ Mumbai

Brokerages have hailed the proposed GST simplification and rate rejig, saying it will give a boost to the sagging domestic consumption without causing serious fiscal slippages. According to them, it will lead to only a 30 bps impact on the GDP, making the tax giveaways fiscally viable. In a note on Monday, Tanvee Gupta Jain, chief economist at UBS Securities India, said the next set of GST reforms will likely buoy consumption without impacting fiscal consolidation, apart from