Iran war begins to bomb the GST bonanza. What can happen? - The Economic Times

The GST rationalisation last year had begun to deliver what policymakers hoped for -- lower prices, improved affordability and stronger sales volumes across sectors ranging from automobiles to fast-moving consumer goods (FMCG). But the escalating Iran war is now threatening to dent those gains. A surge in crude-linked input costs, disruptions to supply chains and higher freight rates are forcing c…