21 April, 2021

One Year Of GST: Eat In And Keep The Taxman Away

GST has been largely neutral or beneficial for ­consumers, but ‘luxuries’ are a bone of contention

Finality
Informing the public about GST the day after the launch
Photograph by Alamy
One Year Of GST: Eat In And Keep The Taxman Away
outlookindia.com
2018-06-23T12:47:59+05:30

American actor-comedian Chris Rock’s famous comment—“You don’t pay taxes, they take taxes”—just about sums up the ordinary citizen’s feelings about the levies charged by the government on pretty much everything— from your income to the restaurant bill to the car you drive.

When India unveiled the Goods and Services Tax (GST) on June 30 midnight last year, most people feared the worst. Months of decoding what the tax might look like had many worried; it’s an impression many consumers still carry a year later—that GST is burning a hole in their pockets as, on average, goods of daily use have become more expensive.

READ ALSO: One Year Of GST: GST Or GSTN’T?

But a year later, there is a mixed reaction from experts and ordinary people regarding the actual impact of GST. Most experts...

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