GST rates: Consumer sector the biggest winner in the rates announced so far

While some near-term tax gains are partly factored in, bigger gains are more structural in nature

Aditya Narain

It’s the last lap of the Goods and Services Tax (GST) rollout now. Among the main imports of the GST Council’s decisions are: A July 1 GST rollout is almost certain; tax rates announced so far are largely in line with expectations (according to media reports), with some positive surprises in edible oil, capital goods and coal, though more clarity and details are awaited; and a few key rates are still to be disclosed.   While we believe some of the near-term tax gains are at least partly factored in, the bigger gains are more structural in nature, and lie ...