in the state went on strike action of the tamil nadu government is against the spirit of the gst and the gst council should take action against it says amit sarkar partner and head indirect taxes bdo india also read impact of gst on auto insurance 6 economic growth will rise myth gst will push up the economic growth reality real economic growth comes from both organised and unorganised sectors tax evasion becomes difficult in gst so cost advantage of unorganised sector goes and this will result in some businesses shifting to the organised sector so what happens will not be an in increase in real economic growth but an increase in recorded economic growth however there will be a small uptick in real economic growth due to the improvement in the ease of doing business 7 pay gst twice for card payments myth gst will be charged twice if you make payments via credit card reality there is no additional gst for credit card payments and the confusion arose only because there is gst on additional feesconvenience chargeslevied by companies for example you make a rs 10000 payment and a company charges rs 50 as convenience fee for helping you make the payment via the credit card you have to pay 18 gst on that fee tooearlier you paid a 15 tax on it so the 3 increase is very smalljust rs 15 on rs 50 by narendra nathan et bureau published on jul 10 2017 at 0521 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app gst myth credit card economic growth goods and services tax et wealth unorganised sectors homenewsindustrygst basics 7 misconceptions cleared