Spelling out the benefits of GST for Kerala, Isaac, while launching the state-level GST regime in Kochi, said since Kerala being a consumer state its tax revenue would increase and this situation would help the state to overcome the financial deficit in four years.
He said the state government would organise GST consultancy council cell and meetings at district level to clarify doubts regarding the new tax regime.
Noting that GST has paved way for reduced tax for luxury items and excess tax for essential commodities, Isaac said it will lead to price rise and disparity in the society.