Its being rolling the dice from last year and various efforts as well as preparations came into play for it.The Indian government was being busy with it from last 3 months for drafts. And, now after todays midnight India will serve under "One Nation, One Tax". With GST(Goods and Service Tax), the various types of taxes will diminish and a single set of tax will work for same type of product. Although, by this many stuffs,daily needs, essentials,accessories are moderated with their change of price tags; some gets low tax % ,while other higher % ipto 18, and some are freed of taxes. 81% things are under 5% taxes. This bill will be regulated by Prime Minister of India on 00:00 hours on 1st July,2017 at Indian Parliament.
This bill is also opposed since margin/commission of seller/retail will decline, so 30June,2017 is practised as closed of markeys by such departments or sellers underlies garments,textile,mason,etc. So, it is a biggest step by Indian Government which will change scenario but more positive results are viewed and it will enhance Indian Economy.
Good article
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Good thoughts