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
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