GST: What will be cheaper and costlier

The Goods and Services Tax (Amendment) Bill - officially known as, the Constitution (122nd Amendment) (GST) Bill, 2014 - is believed to be the biggest tax reform since independence.

EY explains how different sectors are likely to be impacted by its implementation and the necessary action they should take.

Here is the likely scenario post GST:

Photograph: Rupak De Choudhuri/Reuters