GST is finally here! It has caught the nation’s fancy, which is somewhat unprecedented for a change in the tax regime.
However, despite all the efforts made by the government to demystify GST, people continue to be anxious (and confused) about whether GST will be a game-changer for every household in India. My aim is to give a thumbnail sketch of the potential after-effects of GST, and hopefully alleviate this anxiety or confusion a bit!
From consumers’ perspective, pricing will probably be the most important parameter for evaluating the success (or otherwise!) of this mega reform. On this front, GST