He further said the GST (Goods and
Services Tax) Council has cut tax rates on consumption items to 12 or 18 per cent
from the highest slab of 28 per cent and lowering rate on cement is next on
agenda.
"I speak in terms of
taxation policies... I'm quite clear in my mind that on two issues at least we
had - a lot of good fiscal prudence and we brought the rates down, these are
two areas, if we are in power we will continue the same glide path,"
Jaitley said while addressing the CII AGM here.
The general elections will be
held in phases beginning April 11 and counting of votes will take place on May
23.
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