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The Times of India
The Times of India
Business
PTI

Rate tweaks to make up for inefficiencies in value chain; states conscious of inflation impact: Finance minister

Nirmala Sitharaman Inflation GST CHANDIGARH Council GOM RBI

CHANDIGARH: Finance minister Nirmala Sitharaman on Wednesday said any increase in GST rates under the rate rationalisation exercise is intended to make up for the 'inefficiencies' in the value chain.

Stating that all states are aware of the potential impact of rate rationalisation on inflation, Sitharaman said any increase in tax rates will also make up for the tax burden, which is being borne by some other activities in that value chain.

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