GST impact on inflation to be less than 20 bps: Nomura

The implementation of Goods and Services Tax (GST) is likely to be fiscally neutral and its impact on inflation is expected to be less than 20 basis points, says a Nomura report. According to the Japanese financial services major, the GST council is making steady progress and is expected to be implemented in the July-September quarter this year. Though the impact of GST is likely to be minimal, gr…