Inflation will come down: Arun Jaitley
Union Finance Minister Arun Jaitley on Saturday said rollout of the GST will ease inflation, make tax avoidance difficult and boost GDP growth, even as former Finance Minister P Chidambaram said it will put a burden on the common man and hugely affect small, medium and micro businesses while being inflationary with multiple rates.
New Delhi : Union Finance Minister Arun Jaitley on Saturday said rollout of the GST will ease inflation, make tax avoidance difficult and boost GDP growth, even as former Finance Minister P Chidambaram said it will put a burden on the common man and hugely affect small, medium and micro businesses while being inflationary with multiple rates.
Addressing the midnight launch event of the GST in the Central Hall of Parliament, Jaitley said the implementation of the landmark unified tax should be seen as the beginning of a new journey that will expand the country's economic horizon.
"Inflation will come down, tax avoidance will be difficult, India's GDP will be benefited and extra resources will be used for welfare of poor and weaker section," Jaitley said.
