Kerala Budget: GST disappointing, benefits only corporates, says state FM

The Kerala government on Friday said Goods and Services Tax (GST) was highly disappointing and that it benefited only corporates. Meanwhile, the state, which tabled its Budget for 2018-19, has said fiscal deficit will be reduced to 3.1 per cent in 2018-19, while revenue deficit will be reduced to 1.6 per cent

Thomas Isaac in the budget speech said the main issue with GST is lack of a full-fledged administrative system.

"Demonetisation was an ‘Ockhi’ (cyclone) on the economy. End consumers are not getting the actual benefits of GST as corporates are making the most out of this,"