In short term its a boom for common man good for economy, mid-term can withhold by common man, long-term good for economy and common man. 1. Consensus among states and centres are prime reason amid chaotic and obstructionism, States give up sales tax on VAT, centre give up tax on Services 2. Input tax credit claim is draconian in GST reg where black money will raise 3. RNR Revenue neutral rate is up to 18% is shocking, NIPFP mentioned 26% at once. 4. Unless rate cap is adopted GST rate drift higher than predicted, hurting further Indian economic equality 5. Good think is its a state-level model 6. One state one Vote is utterly uncanny. 7. Once MPC set up & if its starts towards working on Inflation targeting then fixing cap on rate can avoid common man shouldn't think about the price level #India #GST #OneNationOneTax #UPAEfforts #NDACredit #Chidambaram #ArunJaitly #Modi #TaxLitigation #RNR #StateLevel