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A defining feature of India's economy has just fallen prey to the beauty of GST

A defining feature of India's economy has just fallen prey to the beauty of GST 


All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses his real conditions of life, and his relations with his kind. Those famous words were not, of course, intended as a description of the impact of the goods and services tax (GST) on India's unorganised sector. 

But they would do just as well. GST will put paid to India's informal sect .. 

As Sure as Death 
Not paying taxes is the holy creed of the unorganised sector, although paying off the rare taxman or the more frequent inspector of labour/factories is accepted as part of the real conditions of life. The small producer supplies parts to other small producers, finished goods for export and to distributors for sale to consumers and parts and services to large firms. 

Small producer provide big credit to large producers, by way of accepting dela .. 

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