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Arun Jaitley meets state ministers to rescue stalled GST reform

Reuters  |  NEW DELHI 

By Manoj Kumar and Rajesh Kumar SinghNEW DELHI (Reuters) - Finance Minister Arun Jaitley met his state counterparts on Tuesday to forge a political consensus on a much-awaited sales tax reform that is held up in parliament, but made little progress in breaking the impasse.The proposed tax reform, the biggest since India's independence from Britain in 1947, seeks to replace a slew of taxes and levies in 29 states, transforming the nation of near 1.3 billion people into a customs union.Analysts say the goods services tax (GST) could boost India's economic growth by up to 2 percentage ...

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First Published: Tue, July 26 2016. 20:41 IST
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