The Goods and Services Tax (GST) regime launched from July 1 has not disrupted businesses in a big way, but doubts linger in the minds of stakeholders, ranging from traders and manufacturers to consumers and tax authorities.
To allay concerns and dispel misgivings, the government has decided to conduct classes starting from Thursday.
Meanwhile, Jammu and Kashmir became the last state to pass the enabling laws for implementing the GST. Finance Minister Arun Jaitley said that the state will benefit a lot since it is largely a consuming one.
Stock markets have largely cheered the implementation of the GST, apparently factoring in the benefits, though there is a broad consensus that there will be disruption in the short term.
The BSE Sensex has gained about 425 points since the law came into effect from this month, indicating that fears of negative investor sentiments were largely misplaced.
Here is a quick update based on the official Twitter handle for GST — @askGST_GoI: