Jaitley to discuss GST roadmap with state finance ministers

Finance Minister Arun Jaitley will chair a meeting of the Empowered Committee of State Finance Ministers on Wednesday to chalk out a roadmap for the rolling out of the Goods and Services Tax (GST) from April 2016.

Earlier this month, at an RBI conference on financial inclusion, Jaitley had said the government would restore the credibility of decision-making, while easing processes and making India's tax structure non-adversarial.

He had also reiterated the NDA Government's promise to make India more business and investor-friendly.

He had further said that the proposed Goods and Services Tax (GST) would result in major changes in the system.

"Make some landmark changes, both in the indirect tax system and also in the direct tax system. Some of these ideas were outlining the budget presented recently. In the coming days, I am looking forward anxiously to one of the most important constitutional amendments with regard to the Goods and Services Tax (GST) being cleared by the Indian Parliament," he had said then.