The recent GST rate cuts have drawn widespread attention, but their real impact goes beyond simple numbers. This session with MS Mani, Partner, Indirect Taxes, Deloitte India explores how consumers benefited from lower prices even in the absence of anti-profiteering legislation. Mani also talks about how the recent GST changes have set off a new wave of challenges for businesses across sectors. From resolving complexities around accumulated compensation cess balances for auto dealers and leasing companies, to making organisation-wide changes across IT, procurement, distribution, and pricing within compressed timelines, Mani lays out the challenges and the opportunities for businesses with the recent GST changes.