One Hundred and First Amendment of the Constitution of India was passed by the Indian government recently. The Goods and Services Tax (GST) which came into effect from 1 July 2017 in India has eliminated various Central and State taxes like excise duty, VAT and service tax. At the time of implementation, GST rates were categorised in five different slabs – 0%, 5%, 12%, 18% and 28%. Still, there is a dilemma what is the impact of GST in the near future in the different industries like real estate, coaching, healthcare and more. One question which is bothering everyone’s mind is whether the citizens would get benefit from GST implementation or not.
