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How does GST impact different sectors of the economy differently?
How does GST impact different sectors of the economy differently?
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GST affects different sectors of the economy differently based on factors such as the tax rates applicable to goods and services in each sector, the extent of input tax credit available, and the demand elasticity of products. For example, essential sectors like agriculture and healthcare may be less affected by GST, while sectors like FMCG and services may see more significant impacts.