GST: A common man's view

Consumers have reasons to look forward in the second year of this reform

After an initial bumpy ride, the Goods and Services Tax (GST) has just completed a year. Considering the scale of changes it has undergone, it would be too early to pass a final verdict on its success. 

Consumers play a vital role in any economy. So it is important to view the effects of GST from a common man’s standpoint whose focus is primarily on pricing of various consumer products in GST. As we all know, the GST rates were fixed based on the principle of ‘equivalence’, the prices of many products have either gone down or have been stable