Complete GST lifecycle on one platform Complete GST lifecycle on one platform
Hyper-automation Hyper-automation
Smart reports & recon Smart reports & recon
Accurate filing Accurate filing
Index

Impact of GST on inflation to be less than 20 bps, says Nomura

Updated on: Jul 13th, 2021

|

3 min read

Updates from March 22, 2017

The Japanese fiscal research company Nomura has said that the impact of GST on price rates in India would be less than 20 basis points. Though this number is on the lower side, the company does predict that economic growth will suffer some setbacks in the run up to GST implementation.

Nomura calls it a “marginally negative” impact on growth, and says that GST will prove to be fiscally neutral in the near term. In addition, the finance major reiterated the government’s claim that over time GST will remove the cascading taxes and “boost productivity, lower costs, aid in the formalisation of the economy and result in large revenue benefits for the government.”

inline CTA
India’s Fastest and Most Advanced 2B Matching
Maximise ITC claims, use smart validations to correct your data and complete 2B matching in <1 minute
summary-logo

Quick Summary

Nomura predicts less than 20 basis points impact of GST on price rates in India but expects some economic growth setbacks

Was this summary helpful?
liked-feedbackliked-feedback

BROWSE BY TOPICS
Income Tax e-Filing
Last Date To File ITR For 2022-23
Income Tax Slabs FY 2023-24
Which Is Better: Old vs New Tax Regime For Salaried Employees?
House Property
Business, Professional &amp; Freelance
Which ITR Should I File?
Income Tax Refunds
Paying Tax Due
Salary Income
Capital Gains Income
Other income sources
Advance Tax
NRI
HUF
Income Tax Notices
Clear Logo
Follow us on
FacebookTwitterLinkedInGitHubInstagram
Have a query?
Support
Company
About us
Contact us
Careers
Media & Press
User reviews
Engineering blog
Clear Library
FinTech glossary
ClearTax Chronicles
GST Product Guides
Trust & Safety
Cleartax(Saudi Arabia)

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

Company PolicyTerms of use

ISO

ISO 27001

Data Center

SSL

SSL Certified Site

128-bit encryption