GST will bring bring prices down: Parrikar

TIL Desk/Business/Panaji/ Implementation of GST will benefit the general consumer, as it will lessen the tax burden on goods, but in the early period of implentation, the new tax regime may cause “some confusion and destruction”, Goa Chief Minister Manohar Parrikar said on Monday.

Speaking to reporters after a government function here, Parrikar also complimented Prime Minister Narendra Modi for the energy with which he has been running the National Democratic Alliance government.

Asked about the merits of the Goods and Services Tax, which is scheduled to roll out from July 1, he said: “General consumer will benefit…”Today we are going through multiple taxation, excise, customs, luxury tax, entry tax, purchase tax, sales tax, VAT everything. With GST it all gets converged into one. It’s very simple.”