Nifty Tips: FM Jaitley still wants all Tax by April 2016
New Delhi: Finance Minister Arun Jaitley spoken on Wednesday he still wants to implement a new goods and services tax (GST) by next April 1, although the opponent Congress party could delay its passage through the legislature.
Addressing a business meeting, Jaitley said it was imperative to stay on the path of reform and build momentum to achieve higher financial growth. The current global financial situation presented an opportunity for India, he said.
The GST, which statistician estimate could add 2 percentage points to India`s gross domestic product, has failed to clear parliament due to a blockade of the upper house by the Congress party.
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