Goods and Service Tax to impact annual budget too?
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Zee Media Bureau
New Delhi: The Goods and Service Tax once implemented is going to trim down the Union budget.
As per reports, experts say that Part B of the budget, most accounted for the secrecy which enwraps the annual budget, will in all probabilit, be cut down by almost 50 percent, after GST becomes a reality.
The Goods and Services Tax or GST is aimed at reforming indirect tax structure in the country; in the process develop a common domestic market and cut out multiple levies.
Exerts add that the changes triggered by the Goods and Service tax may reflect from the Budget 2018-19.
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