The situation is now not fully clear and complete. The government has asked and got permission from Rajya Sabha for a new set up (GST) by a bill presented and passed in Lok Sabha already. However as Rajya Sabha passed the bill with some amendments after its passage in Lok Sabha, it needs to be passed again in Lok Sabha. Then remain further more requirements and formalities -real nuts and bolts- on the new GST set up, compliance guidelines and rates.
From whatever I could read tilnow in tis regard, I do not think, consumers wil be benfited. It s going to be mixed bag. For many essential and dailyused items prices may go up due to higher tax rates, as the same are now taxed at a lower rate. However many non-essentials especially automobiles and gadgets including luxury items are going to cost less due to the subsuming of some existing multilayer taxes.
However much needs to be seen as to how much extent the manufacturers, wholesalers and retailers are ready to pass on to the ultimate consumer. The next point is how smooth it is governance mechanism and the real ground level administration. Will this also meet with the usual ambiguous and unspecific wordings of laws and rules we see generally is another big question.
My reading is that there is not much for cheers to the ordinary customer. Online shopping may be a little more smooth and profitable, provided the benefit is passed on to the ultimate buyer.