Inflation to see a dip under GST regime: Arvind Subramanian

It is going to be difficult to calculate the assessment of GST on GDP at the moment, says CEA

Healthcare and education should be brought under the tax net under the goods and services tax regime over time, said chief economic adviser Arvind Subramanian. He told Dilasha Seth in Srinagar on the sidelines of the fourteenth GST Council meeting, next to Dal Lake, that inflation will see a decline under the current rate structure. Edited excerpts:

You had said in your report that at 18-20% GST rate, inflation will be zero. What is your forecast on inflation in the short run under the current GST structure with the highest slab going up to 28%?
 

The incidence of tax under