GST Win-Win Deal For All: Jaitley

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Finance Minister Arun Jaitley described the Goods and Services Tax (GST) as a "win- win" deal for all as it will expand the tax net, end "inspector raj" and bring down prices of goods.

    Pitching the GST as a measure beneficial for the country at a meeting of the BJP parliamentary party attended by Prime Minister Narendra Modi, senior leaders, and party MPs, Jaitley said prices of goods has come down between four to eight per cent since its roll-out on July 1. GST: Gold Jewellery To Cost More; Apparel, Biscuits, Footwear Cheaper

    GST Win-Win Deal For All: Jaitley

    Parliamentary Affairs Minister Ananth Kumar briefed reporters about the meeting in which External Affairs Minister Sushma Swaraj also informed parliamentarians about Modi's recent foreign visits, especially to the US and Israel. GST: These Companies Are Cutting Price For Products

    The GST was in the interest of people and states as well as the latter will get 80 per cent of the revenue leading to more development, Jaitley said.

    There was no longer tax on tax and the transport of goods across the country was going unhindered now, he said.

    More than one crore firms will be migrating to the new tax regime against around 80 lakh companies earlier, he said, Kumar quoted him as saying.

    Goodreturns.in 

    Read more about: gst arun jaitley
    Story first published: Wednesday, July 19, 2017, 16:05 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more