Friday, April 23, 2021
Home Economy and Finance PM Modi makes a big announcement: 99% items to soon fall under 18% GST...

PM Modi makes a big announcement: 99% items to soon fall under 18% GST slab or lower

Prime Minister Modi delivered the keynote speech at the Republic Summit today and set the tone for the upcoming 2019 general elections. Drawing the map for the future, the Prime Minister said that India's future was bright and listen how rapidly India was surging ahead since 2014.

Prime Minister Modi delivered the keynote speech at the Republic Summit today and set the tone for the upcoming 2019 general elections. Drawing the map for the future, the Prime Minister said that India’s future was bright and listen how rapidly India was surging ahead since 2014.

He also reiterated that earlier, it was unthinkable that a Congress leader like Sajjan Kumar would be sentenced to life imprisonment in the 1984 pogrom case. It is worthy to note here that the High Court itself had observed that Sajjan Kumar got widespread political patronage and that there was an effort to shield him.

In the court of his Republic Summit keynote address, the Prime Minister made a big announcement regarding GST slabs.

Prime Minister Narendra Modi announced that soon, 99% items would fall under 18% or under GST slab.

“Today, GST system has been established to a large extent and we are working towards a position 99% things would attract the sub- 18% slab”, said the Prime Minister.

He also hinted that only a few luxury items would eventually remain in the 28% GST slab.

On the subject of GST, during the Surging India Summit panel discussion on “Is Consensus possible?”, Praful Patel of the NCP asserted that GST will not be a factor in the 2019 Lok Sabha Elections. He stated, “We are getting too technical about GST, I don’t think it is fundamental to the elections of 2019. GST will not be the central issue.” He also said that nobody disputes the need for GST.

When asked about why political parties supported GST unanimously while it was being passed and then created a ruckus, he said it was politics. Pertinent to note here that Rahul Gandhi had termed the GST as “Gabbar Singh Tax” and had made a sweeping demand that all items should be taxed in the same slab. This would mean that a beedsheet and a luxury car would basically draw the same GST.

Praful Patel’s stand, although consistent with that of his own party, is a marked departure from that of its ally, the Congress.

During the debate, Farooq Abdullah and Praful Patel made the claim that the implementation of GST was delayed due to obstructionist tactics of the BJP. Minister for Railways, Pirush Goyal refuted the assertions claiming that the opposition to GST was based on issues.

Refuting the allegations made by the Former Jammu and Kashmir Chief Minister, Goyal asserted that the opposition to GST was based on specific issues and there were fundamental problems with the GST that was promulgated by the UPA government.

Goyal said that there was a lack of trust between the state governments and the Union Government. He said, “I think it was a matter of issues — the type of GST that was being proposed. Also, the credit-trust in that government (UPA) was missing”.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Nithyananda bans Indians from entering Kailasa citing Covid-19, issues guidelines for ’embassies’ around the world

Sri Nithyananda of Kailasa has banned travelers from India into his fledgling nation amidst the second wave of the Covid-19 pandemic.

In the last few days, availability of Liquid Medical Oxygen increased by 3300 MT per day: Here’s what was discussed in PM’s high-level meeting

The high-level meeting was attended by the Cabinet Secretary, Principal Secretary to PM, Home Secretary, Health Secretary & Officials from Ministry of Commerce & Industry, Ministry of Road Transport, Pharmaceuticals, and NITI Aayog members.

Prime Minister Modi cancels political rallies on 23rd April in West Bengal, to hold a high-level meeting to review COVID-19 situation

Amidst the raging second wave of the Coronavirus pandemic, Prime Minister Narendra Modi took to Twitter and informed that he was cancelling his political engagements in West Bengal tomorrow

Indian Air Force, Railways step in to transport oxygen cylinders, essential medicines to combat COVID-19

In a recent virtual meeting, Defense Minister Rajnath Singh was briefed about the measures taken by the Armed Forces in order to combat COVID-19

Congress’ attack against Covishield continues, now spreads fake news of ‘one vaccine, 3 rates’ from official Twitter handle

The previous low price was a part of SII's commitment to GOI and some other countries for sharing the risk of production. After the current 'under contract' 110 million doses are delivered, SII will sell to GOI at Rs 400 per dose, same as states.

18+ can register for Covid vaccination from April 28. Here is the procedure

Registration for Covid-19 vaccine phase 3 for 18-45 years age group to begin on April 28

Recently Popular

Priyanka Gandhi’s Twitter faux pas, takes three attempts for condolence tweet

At 10:38 AM, four minutes after her first tweet, Priyanka Gandhi Vadra tweeted correct condolence message to correct intended recipient on third attempt.

Sitaram Yechury’s son passes away due to Covid-19

The CPI(M) General Secretary in his tweet thanked all the medical staff who treated his son Ashish Yechury

NDTV journalist Gargi Rawat Ansari shows how she is willing to sacrifice human lives so propaganda continues to reign supreme

NDTV journalist Gargi Rawat Ansari is married to Yusuf Ahmad Ansari, the great-grandson of former Congress President Mukhtar Ahmad Ansari

TikTok Star Funbucket Bhargav, of OMG fame, arrested for raping minor girl

TikTok Star 'Funbucket Bhargav' arrested for raping a minor. Fans of actor Nithya wrongly assumed she was the victim.

I am tired and extremely disoriented: How I got the Chinese virus and lived to tell the tale

OpIndia Editor Nirwa Mehta takes you through her journey of surviving COVID.
- Advertisement -

 

Connect with us

254,091FansLike
531,426FollowersFollow
24,200SubscribersSubscribe