GST will make industry competitive, boost states' revenue: RBI

 The implementation of GST will make industry more competitive through dismantling of the complex indirect tax structure and boost the tax revenue of states, RBI said today.

Cumulatively, these measures are likely to propel states on the path of fiscal consolidation without compromising on expenditure quality, the apex bank said in a report titled 'State Finances: A Study of Budgets of 2015-16'.