As soon as the GST came into effect, it would not be wrong to say that, this revolutionary move had impacted the lives of many. In fact, people are still struggling to understand what actually GST is all about. Moreover, for them, the picture is still not clear as what would be the GST impact on consumers and how it is bringing changes in the Indian economy. As and when a new reform or bill comes and a new law is imposed, it surely leaves its impact especially on the common man. It is ultimately the common man who is directly or indirectly affected by the implementation of any new tax.

Does the common man benefit from introduction of GST? This is a very tricky question and there is no definitive answer to this as for the producers and the government, the straight answer was YES, the GST will benefit them but for the common man it is not that simple. This is because GST will have different impact on different goods and services used by consumers. One thing is for certain that, it will bring down prices leading to increasing demand of goods and services which would benefit individual companies, but not everything will become cheaper.

Consumers play a vital role in any economy, as the consumer is placed last in the supply chain and as the user of such goods and services, it is important to know how consumer has an effect of GST. So, it is important to view the effects of GST from consumers stand point whose focus is primarily on pricing of various consumer products and services in GST.

Different tax experts and economists have given their opinion on the long term benefits of goods and services tax for India. Thus, there is a need to study the impact of GST on consumer regarding the GST in India.