"When you see figures floating around, there will be 1- 1.5 per cent increase in GDP after implementation of GST. For God's sake, that is utter rubbish," Debroy said while speaking at a session during the GST Conclave organised by a Hindi news channel. It might be even more, it might be less, but this particular figure (1.5 per cent) was for ideal GST," he said. "That figure was based on the model that the NCAER did in the course of the 13th Finance Commission report for an ideal GST. "Debroy said he would have preferred a single GST rate as multiple rates may create artificial barriers.

Source: Economic Times July 01, 2017 05:44 UTC