The country is already been through the initial hustling created by GST Impact on Businesses in India. The aim of one nation one tax is fulfilled and the year 2018 will be the high time to evaluate its GST impact on the businesses. Some businesses already started their planning to meet the effects of GST quite smartly and quite earlier.
While there will be some positive impacts, the challenge is to be able to consume its negative impacts. Whether an established company or a small start-up, the impact of GST will be everywhere. However, before we check the impacts of GST impact let us understand the overall taxpayer base is now much bigger. Though the threshold is increased, the merger of taxes is bringing countless additional enterprises under the domain of tax.