Enter word or phrase

Look for articles in

Last Updated Saturday March 24 2018 04:00 AM IST

GST beneficial but need to rationalize expenditure: Gita Gopinath

Text Size
Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

GST beneficial but need to rationalize expenditure: Gita Gopinath

Thiruvananthapuram: The Goods and Services Tax is beneficial to Kerala and though revenues in the new tax regime are expected to go up in the next six months, there is still a need to rationalize expenditure, economist Gita Gopinath said on Saturday.

"The expectation is revenues from GST will go up after six months. There is a considered expectation that when GST becomes normalized, the state will get more revenue," said Gopinath, the Harvard professor and financial adviser to Kerala chief minister Pinarayi Vijayan.

Since Kerala is a consumption-driven economy, GST is particularly beneficial for the state, Gopinath told reporters on the sidelines of the 'Loka Kerala Sabha' here.

So more revenues should be got, she said.

"But on the other hand, we will also have to make sure that expenses are kept in check. This is not just about getting more revenue, but you have to be careful about how expenditure is growing."

The expectation is over a year or two this deficit will come down, she said.

"After six months, our expectation is revenue from GST will go up. But, still there will be need to rationalize expenditure," Gopinath said and added that will have to be the plan for the coming years.

Loka Kerala Sabha is a new concept of the state government envisaging cooperation toward the state's progress.

The sabha will have 351 members including MLAs and MPs representing the state with 178 nominated members representing Kerala expatriates.

Read more Business news

The opinions expressed here do not reflect those of Malayala Manorama. Legal action under the IT Act will be taken against those making derogatory and obscene statements.

Email ID:

User Name:

User Name:

News Letter News Alert
News Letter News Alert