August 5, 2016 1:11 PM

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Govt aims for optimal rate of Goods & Services Tax: Jaitley

The Government has set the target of 1st April next year for roll out of the Goods and Services Tax, GST. Addressing a press conference in New Delhi yesterday, Union Finance Minister Arun Jaitley unveiled a detailed road map for the GST implementation. <br/><br/>He said that government is aiming for an optimal rate of taxation though the final decision will be taken by the GST Council. <br/><br/>As regards the impact of GST roll out on inflation, he said the tax rates will come down over the years and hence the prices of many commodities will also decline. <br/><br/>The Finance Minister said once GST is rolled out, doing business in India would be easier. <br/><br/>Mr Jaitley said state governments of all political parties were overwhelmingly in support of the GST legislation. .<br/><br/>

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