"The government, Jaitley said, is looking at the direct tax reform to bring down the tax rate as also the indirect tax reform through the Goods and Services Tax (GST) regime to create single sales tax for the country. If it goes beyond the range, then certainly it creates an adversity," Jaitley, who was in Japan on a six-day visit, told PTI. But if it remains within a range, as it is at present, it is something that can be handled. "Obviously higher crude price is not good news for India. "India being a net buyer has benefited from the regime in last over a year.

Source: Economic Times June 05, 2016 07:52 UTC