The Slowdown and GST - One Micro Version Dinesh Kumar Kapila This is rather interesting. I have just been asking around and mostly the small timers, not the small shop keepers but the guys who would have a turnover in the crores range but below Rs 10 crore maximum. Just to know what they say, this is not a study. I just picked up what many such businessmen say, over a period of time. As one worthy explained, with a lot of tired looks (must be his daily talk show with friends) Earlier if you paid tax upfront for say a truck load of cargo, the tax paid upfront would be normally around 4 %. Now the tax as regards GST, if taken as an average of 12 %, means that much more cash is paid upfront while the stock, say a truck load, would be sold over the next three months to four months. The natural course to adopt for many traders / stockists was to scale down orders and in any case minimise over stocking. The trucker, used to loading up a truck for one customer, now finds himself havin...
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