The countdown has begun for the GST with just a few days to get rolled out from July 1. It (GST) has many positive factors for the industry but could lead to short-term disruptions as well. Many of the market experts hope for some correction in the market factoring GST into picture. However, the true impact will be uncertain as there is no precedent and will onlAy be known when the new procedure starts.

Looking at the wider economy, the GST could lift growth by 2%. Greater tax compliance and efficiency has the potential to increase government revenue, and narrow budget deficit. However, there could be a one-time bump in inflation after introducing GST but it can soon be normalized...