Working to bring 99 pc things in sub-18 pc GST slab: Modi
GST
Dated:- 19-12-2018
Mumbai, Dec 18 (PTI) Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that '99 per cent things' attract sub-18 per cent GST slab.
Before implementation of the GST, registered enterprises only numbered 65 lakh, which has now risen by 55 lakh, Modi said, addressing the Republic Summit here.
"Today, the GST system has been established to a large extent and we are working towards a position where 99 per cent things will attract the sub-18 per cent GST slab," Modi said.
Modi indicated that the 28 per cent slab of GST would only be
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improving. The economy is also getting transparent," Modi said.
Even a small tax reform in developed countries is not easy, he said.
Modi also spoke of his government's commitment to root out corruption.
"Corruption had been taken as a new normal in India.
It was 'Chalta hai'. Whenever anyone used to speak up, someone would say, 'This is India. This is how it is'," Modi said.
"Why should it be like this," he said.
When companies used to be unable to repay loans, nothing used to happen to them and their owners, he said.
"That is because since the start they had been given protection from probes by certain 'special people', he added.
Modi also dwelt on his government's init
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