GST a step closer to rollout; market on a roll!

Equity market seems to have at least partially discounted GST rollout

With announcement of detailed GST rates for most goods and services, another important milestone in GST rollout has been achieved. Advance notice of about 6 weeks before proposed implementation deadline will also serve well for corporate readiness. Broadly, it has been ensured that incidence of tax will not increase at consumer level, which means earlier fears of inflationary pressure are unfounded. With likely introduction of anti-profiteering clause shortly, it will also prevent corporates from benefitting through lower GST rates as compared to existing indirect tax structure. 
 

Apart from a four-slab structure (5, 12, 18 and 28 per cent) and the