What is GST Impact on the Ultimate Consumers

Meaning of GST Impact on the Ultimate Consumers

 

The details about GST Impact on the Ultimate Consumers are explained here. 


GST Impact on the Ultimate Consumers:

GST is a game changer for the government as well as for customers.

  1. Reduction in price: Generally, the purchase price would reduce as tax content of most products would come down. But if a product has hitherto not been subjected to tax completely then the price would increase. Further those items which are now taxable where tax rate earlier was zero may be more expensive as exemption and zero rated lists of items may come down in the GST regime.
  2. Transparency: The tax paid would be clearly mentioned in the invoice given to the customer.
  3. Options to customer: There would be free trade and commerce between States and throughout the country which would provide more options to the consumer.

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