Goods And Services Tax
  • Home/
  • Latest Videos/
  • GST Changes Holistic, Coincidental Some Sectors Hit By Tariffs: Piyush Goyal

GST Changes Holistic, Coincidental Some Sectors Hit By Tariffs: Piyush Goyal

The rationalisation of Goods and Services Tax slabs - from four to two, and exemption of certain items, including premiums for health and life insurance - reflect a "holistic and well thought-out" decision of the government, Commerce Minister Piyush Goyal told NDTV Thursday.

Mr Goyal told NDTV this evening the timing of the GST overhaul - the announcement was made late Wednesday - had nothing to do with 50 per cent tariffs imposed by United States President Donald Trump, which is expected to affect nearly $48 billion in Indian exports to that country.

He said the fact certain sectors - such as textiles, footwear, and food products - that had been hardest hit by the US' tariffs could expect to benefit from the GST revision is "coincidental".

Related Videos

................................ Advertisement ................................

News

More

Opinion

More

Join Us

................................ Advertisement ................................