1) Several Economists says that GST in India would impact negatively on the real estate market. It would add up to 8 percent to the cost of new homes and reduce demand by about 12 percent.
2) Another criticism is that CGST, SGST are nothing but new names for Central Excise/ Service Tax, VAT and CST. Hence, there is no major reduction in the number of tax layers.
3) A number of retail products currently have only four percent tax on them. After GST, garments and clothes could become more expensive,
4) The aviation industry would be affected. Service taxes on airfares currently range from six to nine percent. With GST,this rate will surpass fifteen percent and effectively double the tax rate.

The limitations/disadvantages ofGST are stated below:
1) Several Economists says that GST in India would impact negatively on the real estate market. It would add up to 8 percent to the cost of new homes and reduce demand by about 12 percent.
2) Another criticism is that CGST, SGST are nothing but new names for Central Excise/ Service Tax, VAT and CST. Hence, there is no major reduction in the number of tax layers.
3) A number of retail products currently have only four percent tax on them. After GST, garments and clothes could become more expensive,
4) The aviation industry would be affected. Service taxes on airfares currently range from six to nine percent. With GST,this rate will surpass fifteen percent and effectively double the tax rate.
5) Adoption and migration to the new GST system would involve teething troubles and learning for the entire ecosystem.

The following are the officials involved in GST officials:
1. The Secretary (Revenue) will be appointed as the Ex-officials  Secretary to the GST Council.
2. The Chairperson, Central Board of Excise and Customs (CBEC), will be a permanent invitee (non-voting).
3. One post of Additional Secretary to the GST, and
4. Four posts of Commissioner in the GST Council Secretariat will also be created.

The GST Council will oversee the implementation of the GST. But the Central Board of Excise and Customs is responsible for administration of the CGST and IGST Acts. The Council makes recommendations on rate of GST, apportionment of IGST, exemptions, model GST laws, etc. The Chairman of the Council is the Union Finance Minister. The Minister of State in the Finance Ministry and all Finance Ministers of the State Governments shall be its members. The Central Government shall have 1/3rd voting power and all State Governments shall have 2/3rd voting powers. All decisions of the Council can be passed only with %th of the total votes. Each state has one vote, irrespective of its size or population. Twenty four council meetings were held until 2017.

(i) Several Economists says that GST in India would impact negatively on the real estate market. It would add up to 8 percent to the cost of new homes and reduce demand by about 12 percent.
(ii) Another criticism is that CGST, SGST are nothing but new names for Central Excise/Service Tax, VAT, and CST. Hence, there is no major reduction in the number of taxpayers.
(iii) A number of retail products currently have only four percent tax on them. After GST garments and clothes could become more expensive.

1. Inter-State Goods and Services Tax - imposed and collected by the Central Government and the revenue shared with States under IGST Act 2017.
2. All exports are treated as Inter-State supply under GST.
3. Since exports are zero rated, GST is not imposed on all goods and services exported from India.
4. Any input credit paid already on exports will be refunded

The GST Council will oversee the implementation of the GST. But the Central Board of Excise and Customs is responsible for administration of the CGST and IGST Acts. The Council makes recommendations on rate of GST, apportionment of IGST, exemptions, model GST laws, etc..

1. The foremost objective of GST is to create a common market with uniform tax rate in India. (One Nation, One Tax, One Market)
2. To eliminate the cascading effect of taxes, GST allows set-off of prior taxes for the same transactions as input tax credit.
3. To boost Indian exports, the GST already collected on the inputs will be refunded and thus there will be no tax on all exports.