Hi, I have a question and I hope anyone could answer it:
What will be the impact of GST on PPC and National Income?
What will be the impact of GST on PPC and National Income?
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Answer:
One tax regime is a major relief to the manufacturers. It simplified the process and encourage the businessman to invest more. GST will lead to an increase in production potential and increases the GDP of an economy. Therefore, the national income of the economy will increase. Due to an increase in national income with fuller utilisation of resources, PPC will shift rightward.