Low tax benefits must be passed on to consumer at large, says FM Arun Jaitley
The Minister said that over the years, globalisation has helped consumers in getting the best quality products at the most competitive prices.
He said, "We need to improve our manufacturing sector where we have to cover a distance."
"Profit or profiteering is not a bad word but benefits of low taxes must be passed on to cosumers at large," Jaitley said.
He also said, "Higher world growth of 3.4% in 2017-18 & 3.6% in 2018-19 as per IMF prediction, would help us in growing much faster."
Talking of GST, the Finance Minister said that there will be no surprises while fixing the tax rates. He also reiterated that the government is all set to roll out the GST regime from July 1 this year.
Image: PIB Twitter
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
