July 20, 2017

GST: A Win-Win Deal For All As It Would Expand Tax Net, Says Finance Minister


On July 19, Finance Minister Arun Jaitley briefed BJP MPs on the benefits of GST regime said that the Goods and Services Tax (GST) was a "win-win" deal for all as it would expand the tax net, end "inspector raj" and bring down the prices of goods. Jaitley was making a presentation on GST for the parliamentary party group, including Prime Minister Narendra Modi.

Pitching the GST as a measure beneficial for the country, Jaitley said that the prices of goods had come down between 4% to 8 %, since its roll-out on July 1.

Jaitley further said that the GST was in the interest of people and states as well as the latter would get 80% of the revenue leading to more development.

Jaitley further added that there was no longer tax on tax and the transport of goods across the country was going unhindered now.

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