Will ensure inflation doesn't cross 6% after GST: Meghwal

The Union minister of state for finance also says his ministry is holding meetings with groups of trade and industry to create awareness for the GST

All the efforts will be to make sure inflation rate does not cross six per cent level after the goods and services tax (GST) is rolled out, Union Minister of State for Finance Arjun Ram Meghwal on Saturday said.

"We have targeted to implement GST from April 1, 2017, all over the country. Looking at the concerns on inflation as an impact of the GST, we held a meeting with RBI (the Reserve Bank of India) and decided ideal inflation rate of four per cent with a margin of two per cent up or down," he told reporters here.

"We will make all efforts to ensure that the inflation rate does not cross six per cent limit," he said, while terming the GST as consumer friendly.
 

He said in some of the countries where GST has been implemented, the rate of inflation has gone high, therefore, it is the priority of the government to ensure that this does not happen in India.

Meghwal said that his ministry is holding meetings with groups of trade and industry, bodies and associations of CA and CS and others to create awareness for the GST.