IMF says early GST rollout will create jobs and boost output

IMF Managing Director Christine Lagarde said today that an early GST rollout will create more jobs, increase revenue and promote domestic manufacturing.

She assured support and technical assistance for implementation of the comprehensive indirect tax reform, which will subsume excise and sales taxes.

"The implementation of GST will help India create jobs and help in raising revenue to finance health, education etc," she said in a recorded video message at an interactive session of the industry with the Finance Minister on GST here.

"IMF is ready to lend support and provide technical assistance for GST implementation," she said.

Image credit: Indiatimes