GST will not be inflationary: Finance Minister

Finance Minister Arun Jaitley on Monday said the goods and services tax (GST) will not have an inflationary impact since the tax on goods may actually reduce. Terming the current indirect tax structure in India as "fairly complicated", he assured there would be no cascading impact of tax on tax. "I don't anticipate this to happen significantly. If at all, this maybe a transient impact...This would…