Got weekend plans? You need to go through this GST checklist before that

The short-term impact of GST is expected to be neutral-tonegative for the broader economy.

Production processes are likely to take some time to align with the new framework as firms adjust to the input tax credit system and better manage working capital requirements.

For consumers, it will be a mixed bag as some goods become cheaper while others will be expensive.

The ET Intelligence Group provides a snapshot on the effect of GST on prices of daily needs, consumer discretionary and industrial products and services.