Home > Blogs

Blog

Demonetisation Impact on GST and Liquidity Gridlock-led Business Growth Crisis

B L Chandak
View All Blogs

Spill-over effects of demonetization and its impact on GST is having unintended consequence of acute liquidity crisis in trade and industry. There is a wide-spread delays/defaults in inter-firm credit based payment system. Businesses are experiencing a liquidity gridlock type situation where several payments each await the settlement of others. Due to this, a historic  growth boosting reform like GST is…

By B L Chandak 0 comment Read Full Article