How GST Helped Corporates But Failed Consumers

The implementation of GST has been affected by a plethora of problems. Some of the major issues deserving mention are: a) Despite the sharp reduction in the incidence of tax burden under the GST regime there was no reduction in the Maximum Retail Prices (MRP) but for a few commodities. The reduction of tax only resulted in windfall gains for corporates and traders at the expense of the consumers.…