In the face of the vote, 99% of the people to win the GST of 18% or less, the Prime Minister Narendra Modi has said that the Prime Minister Narendra Modi But a question was raised by the chief minister of the finance ministry. He said, 99%? What else is there? Right now, the tax rate of 97% of the product is 18% or less!
Congress President Rahul Gandhi's speeches, then ultimately the words are in the heart of Modi. The GST, which once gave the title of 'Gharbhar Singha Tax' or 'Gross Stupid Thought', is about to reduce its rate to get the human mind. Many of the opponents again questioned, taxes on many products have already decreased. It is not clear if the rest will allow the center to manage the revenues. So Modi's announcement is not new Joomla?
The reason for the question is, the Finance Ministry's information says that now more than 1200 products and services now hold 28 percent GST. That is, 97% of the product is 18% or less. So, in the hands of some of the commodities, you can take credit for achieving 99 per cent target.
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The suspicion is another reason. That is, far from the target of income budget from GST. The target of 1.12 lakh crore rupees was not touched in any month. Many questions, how much of this situation would be possible to reduce the tax on the product? But it is good for the treasury?
What is revenue loss if 99% of GDP is left out of 99% of products? The finance minister's reply, "There is no discussion. Revenue loss is dependent on how much the tax on any products will be reduced. "
At the time of the launch of GST, the Congress had claimed that its highest rate of 18%. Luxurious or body-sized ces like you did in the way of bad things. Then the Arun Jaitley called 'Grand Stupid Thought' to Rahul Gandhi's claim. The argument was that taxpayers are required to pay tax on luxury products. Now he reminds Rahul that Rahul is bribing Modi. Jaitley also tweets about the high rates of the UPA's rise as a counter.
Prior to the 2014 elections, Modi had asked to return black money from abroad for 15 lakhs per account. Later, BJP president Amit Shah himself said that it was "Jumla" or the word for the sake of the vote. The opposition demanded a new GST that has drawn the same context. Former finance minister P. Chidambaram said, "The NDA is a mantra, jumping without seeing it. At the time of the launch of GST, it should have been done at 18 percent.
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