Impact on Common Middle Class People

[Karthik Ramanathan]

1.Whether the GST will be beneficial for the poor or middle class people ?

2. The Prices of Consumable items of common people may rise under GST and eating at restaurants will become costlier. Whether the State Govt. or Central Govt. will take responsibility for control of these price fluctuations which affects common salaried class people ? The best example is Milk and Milk Products.

[KASTURI SETHI]

Overall it is expected that the poor and middle class both will get benefit of GST. Prices are likely to fall considerably. It is a visionary step by the BJP Govt. It will plug the leakage of revenue from all loopholes.Doors of black money will be closed for ever.

I am of the view that still amendments in the interest of poor and middle class are urgently required.

AI Summary

Goods and Services Tax expected to benefit poor and middle class by lowering prices and reducing revenue leakage, needs amendments. Goods and Services Tax is expected to benefit poor and middle class households by likely reducing prices, plugging revenue leakage and curbing black money, but targeted amendments are urgently required to protect interests of poor and middle class consumers.