Home  |  Advertise  |  Contact Us
3:11 pm - Tuesday November 24, 4071

GST to be rolled out in next fiscal : Jaitley

arun

Agencies, New Delhi

Terming the unanimous passage of the Goods and Services Tax (GST) as historic and reflection of a matured Indian polity, Finance Minister Arun Jaitley today said the Bill will be rolled out in the next fiscal year, which will simplify and subsume most of the indirect taxes, to enable ease of doing business and level playing field for all.

Addressing the media here, Mr Jaitley said, ‘We are going to make it as reasonably quick as possible and the date by which we are able to make it, will have to be seen.

It is always good to set the target and try to meet them, rather than have no targets at all.’ The Minister said that doing business will become easier and cost of goods will go down in the long run.

‘I’m sure once the GST is rolled out; doing business in India would be easier. It would help a large body of traders, business people and also the citizens. If we see in the long run, the tax rate would come down and if it comes down, it is natural that the cost of many things would be reduced. We will try to complete the road map as soon as possible and implement it then,’ the Minister said.

Posted in: Business, Featured

You might like:

Uma: Who can build anything but Ram Mandir at Janmabhoomi? Uma: Who can build anything but Ram Mandir at Janmabhoomi?
Shubhangi is Indian Navy’s first woman pilot Shubhangi is Indian Navy’s first woman pilot
India expresses outrage over release of Hafiz Saeed India expresses outrage over release of Hafiz Saeed
CBI files charg-sheet against 592, bail to 15 in Vyapam case CBI files charg-sheet against 592, bail to 15 in Vyapam case