I don't claim people will not face trouble but things will improve, Nitin Gadkari on GST

The government believes that the Goods and Services Tax (GST) regime will hugely benefit the country's economy by bringing transparency and weeding out black money.

Speaking at India Today Midnight Conclave - Tryst with Tax Nitin Gadkari, Union Minister for Road Transport and Highways, said GST will increase revenue of both the state governments and the Centre.

"Overall the GST will benefit the economy. Flow of black money will be stifled. 17 taxes and 22 other cess will be abolished after the GST comes into effect," Gadkari said.

"I don't claim people will not face trouble but things will improve in two-three months of GST launch. Some hard steps are needed to be taken but it will ultimately have a positive impact," said Gadkari.