But what's in store for the consumers? Not very good news, I m afraid. The tax rates for goods and services may be 20% or higher and it is bound to lead to inflation, at least in the short term. GST may have a profound impact on Indian eCommerce as all online transactions would be subject to this tax. Then there is the recommendation of 40% GST on aerated drinks as a form of sin tax since these drinks are considered unhealthy. I found this a ridiculous argument as it will open a pandora s box and make taxation in India arbitrary, judgmental and discriminatory.
And finally the most stupid recommendation. GST may put the onus on the buyer to check whether the seller has paid goods and service tax (GST). So, if I eat at a restaurant and pay the bill with GST on it, should I ask the restaurant owner to show me his tax details?
Let's hope that better sense prevails and the form of GST dished out to us is more consumer-friendly and less taxing!