GST has not affected prices, but increased compliance burden: KPMG survey

KPMG surveyed 232 CEOs, co-founders, CTOs of companies.

Most of those responding to a survey believe that prices remained as it is under the GST regime compared to the previous regime. However, those who believed that prices have come down were less than those who think that prices have risen under the GST regime. 

As many as 43 per cent of those surveyed by consultancy KPMG thinks that prices remain neutral under the GST regime, while 33% say prices have increased. Only 24% believe that prices have come down.

As expected, overwhelming 87% says GST has increased compliance burden, while 13 per cent thinks otherwise. KPMG surveyed  232 CEOs,