How has the implementation of the Goods and Services Tax (GST) affected India's informal sector?
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HP
Hira Pandya
3 months ago
The implementation of GST has had mixed effects on India's informal sector. While it has encouraged formalization and increased transparency, it has also posed challenges for small businesses in terms of compliance and adaptation to the new tax regime. Some informal sector workers have faced difficulties in adjusting to the digital payment systems and filing requirements associated with GST.