GST rollout: How the new tax impacts you and why you should care

After years of wait, GST has finally seen the light of day on 1 July 2017.  GST has been introduced with great fanfare including the hour long mid-night event in the Indian Parliament.  Unlike any tax reform in the past, GST has caught the attention of people from all walks of life – businessmen, professionals and consumers alike. 

One question that besieges every assessee is how to price the final supplies both goods and services in the GST regime.

Overall one of the key rationale for introduction of GST was that it will remove cascading of tax and thereby reduce