I bought simple items online of daily use like torch etc and per item had to pay Rs. 100 extra approx due to 28% GST imposed on articles of daily usage.
Revival will take further one year more to bring every transaction into accounting particularly at SME level, today they all are badly hit. GST is on trial basis, will require many correction within this year else Govt. will face the music.
Whatever Govt/experts say,real fact is common man feeling the pinch of GST in market ,all prices going up and everywhere common man being exploited with higher rates charged under the plea of GST.Nobody bothers if future but the reform helped to bring the prices down or not.Economy&cost of living don't look rosy presently
There will definitely be a lot of pressure on the commerce and eventually it will logically seep down to the end users - general public that will ultimately be subjected to bear the brunt.
The commerce has to survive with reasonable margins.
GST will enslave the commerce as the exchequer's agents of collection.
It will soon become imperative to consider restructuring the rates to reduce burden on the common man.
Present structure defies the logical approach to the issue.
