Govt expects to implement GST by next year: Jaitley

The govt had introduced the GST Bill in the Parliament in December

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Speaking at the Vibrant Gujarat Summit, Finance Minister Arun Jaitley said that the government is expected to implement a common Goods and Services Tax (GST) across the country in the course of next year. 

The government had introduced the GST Bill in the Parliament in December. The FM said that the "Government has taken a lot of steps in past few months and the mood about India is very positive. I see investments significantly moving up in days to come." He added that a common goods and services tax (GST) across the country will be implemented by next year.

Also, banking on the steps taken to revive the domestic economy in last seven months, the FM felt that investments are significantly going to move up in coming days. He highlighted that the government's priorities would be to spend more on infrastructure, as well as incentivise expenditure in manufacturing to help boost growth and create more jobs. 

Addressing the Vibrant Gujarat Summit 2015, Jaitley said, "I see the economy growing much faster in months to come. In order to attract investment, direction must be clear, pace of moving in that direction must be reasonably quick."