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The results provided mixed support for GST.
To this end, a monomeric GST variant may have distinct advantages.
The results show that the resolution of GST is better than that of ST.
The findings indicated that further efforts should be taken by the government to widen the communication channel so that the information on GST will be easily accessible and understood by every consumer in Malaysia, thus it will enhance the acceptance and implementation process of GST.
Despite the various impediments to the proposed transition, until the time GST is implemented, it would be worthwhile to assess its positive impacts on the various development areas viz.

Related Questions

How does the gst system in india improve the country's economic competetiveness?5 answersThe Goods and Services Tax (GST) system in India enhances the country's economic competitiveness by consolidating all indirect taxes into a single structure, promoting economic growth, and improving tax administration. The GST simplifies the tax regime, increases transparency, reduces tax evasion and corruption, and creates a more unified economy, facilitating nationwide business expansion. It leads to lower product prices, attracts foreign investment, reduces the cost of capital goods, boosts manufacturing and exports, increases tax collections, and generates employment opportunities. Additionally, the GST eliminates multiple layers of taxation, streamlines tax processes, and creates a business-friendly environment with uniform tax rates for goods and services, ultimately improving the government's fiscal health and overall economic growth.
What is the impact of GST on hotel industry?5 answersThe impact of GST on the hotel industry can be multifaceted. Studies have shown that taxation, such as room taxes, can ultimately be shared between guests and the industry itself, with guests bearing a significant portion of the burden. Additionally, economic analyses have highlighted the interdependent relationship between the hotel industry and other sectors, emphasizing the industry's contribution to the overall economy through output, labor income, and employment multipliers. Furthermore, factors like perceived incivility and organizational dehumanization can hinder employee performance within hotels, emphasizing the importance of strategies to enhance performance and psychological capital among employees. Overall, the impact of GST on the hotel industry involves a complex interplay of economic, operational, and employee-related factors.
What is the role of GST activity on oxidative stress?5 answersGST activity plays a crucial role in the regulation of oxidative stress-induced signaling and toxicity. GSTs are important detoxifying enzymes that protect cells from damage caused by endogenous and exogenous compounds. They are involved in the phase-II detoxification of endogenous compounds and xenobiotics. GSTs can reduce lipid hydroperoxides and detoxify lipid peroxidation end products, such as 4-hydroxynonenal (4-HNE). 4-HNE is a major determinant of oxidative stress-induced signaling and toxicity, involved in various cellular processes including apoptosis, proliferation, and modulation of gene expression. The intracellular levels of 4-HNE can be modulated by GSTs, particularly the Alpha class GSTs, which provide a defense against oxidative stress and regulate oxidative stress-mediated signaling. Overall, GST activity is essential for cellular protection against oxidative stress and plays a significant role in maintaining cellular homeostasis.
Issues and challenges of GST5 answersThe implementation of Goods and Services Tax (GST) in India has faced several challenges and issues. These include concerns over tax rates for different categories, the tax return filing process, Reverse Charge Mechanism, and TDS. The execution of this reform has proven to be a bigger challenge than anticipated, leading to multiple meetings of the GST council to suggest changes and resolve existing concerns. The effective implementation of GST has also been a challenge, with problems arising in areas such as compliance, economic growth, and the overall impact on the Indian economy. The pharmaceutical industry, in particular, is expected to face challenges during the transitional phase, including negative financial impacts, the need to assess supply chain structures, and the reconfiguration of IT systems. Despite these challenges, GST is seen as a significant step towards the development of the country and is expected to simplify the indirect tax regime and boost the overall growth of India.
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