Karnataka government plans to roll out GST: Siddaramiah

BANGALORE: Karnataka Chief Minister Siddaramiah today said his government plans to take the next "big step" of introducing Goods and Services Tax ( GST).

"Introduction of the Value Added Tax has reformed the state's commodity taxation to a large extent. Introduction of Goods and Services Tax (GST) is the next big step which we will take," Siddaramiah said while addressing FICCI national executive committee meeting here.

Stating that state government has extended its consent for bringing FDI in multi-brand retail, he said "this will be implemented in line with the norms prescribed by the central government."

"It will give a major fillip to economic growth and employment creation," he added.

Emphasising on the need to reduce impediments in doing business, he said the state government wishes to make single window system more effective.