Goods and Service Tax to impact annual budget too?

Updated: Aug 19, 2016, 08:39 AM IST
Goods and Service Tax to impact annual budget too?

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.