GST Rollout To Create One Lakh Jobs In Three Months, Says Minister

Monday, 03 July 2017, 04:41 Hrs
Print Email

HYDERBAD: Union Minister of State for Labour and Employment Bandaru Dattatreya today said the implementation of Goods and Services Tax (GST) will create one lakh jobs in the next three months. 

"GST will have a lot of benefits not only for the economy....It is expected that with GST's implementation, as many as one lakh new jobs will be created in the next three months. It is also estimated that around 60,000 jobs will be created in the accountancy field," he said at a press conference here.

Terming the roll-out of the new tax regime as a historic moment, Dattatreya said the Union Finance Ministry in association with various institutions conducted 1,118 workshops on GST in Telangana and Andhra Pradesh for traders and the general public in the last six months. 

With abolition of border check-posts, GST will ensure that inter-state movement of goods is not delayed, he said. 

It will also boost the GDP growth from seven pct to nine per cent, and curb inflation by bringing down prices of essential commodities, the minister said. 

Dattatreya also slammed the Congress and the Left parties for not remaining present for the GST launch function in Parliament's central hall yesterday night.

Read Also:
Paytm Mall To Hire 3,000 Agents To Onboard Local Shopkeepers
ISB Students Get Lakh A Year Job Offers

Source: IANS
Inland, coastal maritime technolog
The Ministry of Shipping, under its flagship Sagarmala Programme, is setting up a state-of-the-art..
Presidency University to offer
Presidency University is coming up with a specialised course in cyber security at its new campus, ..
ISRO unveils 'Young Scientist'
State-run Indian Space Research Organisation (ISRO) on Monday announced the launch of its Young ..
IISc database on peninsular Indian
The Indian Institute of Science (IISc) on Sunday announced its database of flora in peninsular..