GST or Goods and Services Tax is going to be implemented in pan India soon. This is an indirect tax reform targeted to simplify the taxation system on goods and services in all forms. It will make India a single market with specific tax slabs for different kinds of goods and services. GST bill is a long pending issue in the parliament of India. The bill is already passed in Lok Sabha. It is expected that it will get the final nod from Rajya Sabha soon. Once rolled on, it is speculated that it will make some goods & services cheaper and some products and services costlier. After announcement of GST rates for some of the commodities, impact on their prices as also shown below.