New Delhi: Spelling out benefits of the Goods and Services Tax (GST), the revenue department today said it will make consumer goods cheaper, increase consumption and generate more employment by enhancing economic activity.
“… (GST will) create a unified common national market for India, giving a boost to foreign investment and Make in India campaign,” the Central Board of Excise and Customs (CBEC) said in an advertisement in major newspapers.
Seeking to apprise the general public of the benefits of GST for the economy, CBEC said exemption for a majority of small retailers will make “products cheaper for consumers”.
Besides, the new tax regime will result in increased economic activity and generate more job opportunities.
