The Indian Government has said that prices will not increase due to a higher incidence of taxes and are likely to come down under the Goods and Services Tax (GST) regime. Commenting on the issue, Revenue Secretary Hasmukh Adhia told the media, "Almost 60 per cent of the income of the Centre and states comes from items that attract 14 per cent value added tax and 12.5 per cent excise duty.
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The Indian Government has said that prices will not increase due to a higher incidence of taxes and are likely to come down under the Goods and Services Tax (GST) regime. Commenting on the issue, Revenue Secretary Hasmukh Adhia told the media, "Almost 60 per cent of the income of the Centre and states comes from items that attract 14 per cent value added tax and 12.5 per cent excise duty.
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