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What is Impact of Demonetization and GST in India about?

Demonetisation refers to the withdrawal of certain currency notes as legal tender, notably announced in India on 8th November 2016, affecting 86% of the cash supply. While it aimed to eliminate black money and promote cashless transactions, it also caused significant inconvenience and economic disruption. The Goods and Services Tax (GST), implemented on 1 July 2017, replaced multiple indirect taxes with a unified tax system, promoting economic growth but also creating confusion for small producers.

Author

shaikhadigi

Language

EN