Tax Department To Calculate GST's Impact On Inflation

New Delhi: The revenue department will work out GST's impact on inflation before the fitment committee starts fixing rates for various goods and services. This is being done to minimise price rise once the new indirect tax regime is rolled out, officials said. They said the department will work on an 'exempted list for both goods and services' and fix majority of the items with high weightage in the CPI basket close to the current ...