GST: What to expect from it and what not

GST will be good for some reasons but expecting too much from it is neither logical nor economically

The goods and services tax (GST) will surely be a game changer and will bring immense benefit to manufacturers, traders, exporters and others but it will be illusory to expect too much from it. So we should guard against over-expectation. 
 
Much depends on the GST Law and the administrative structure put in place by the GST Council. The basic advantage comes from an amalgamation of nearly one and half dozen (central and state) taxes. So the gains specifically will be the following: (a) The amalgamation will remove the difficulty of paying so many taxes separately; (b) Common market in