It has been more than 40 days since GST has been implemented in India. While the industry was very apprehensive, the GST transition has been smooth. The big question is how GST will impact a common man’s budget.
GST is stated to be one of the biggest tax reforms in India, which would not only impact the businesses but also the common man.
The primary impact to be felt by the consumers would change in prices of goods and services on account of GST rates.