[ad_1]
By Express News Service
NEW DELHI: Union minister Arun Jaitley on Sunday termed congress president Rahul Gandhi's idea of a single GST slab as it was said that it would work in a country where the entire population had
"Rahul Gandhi has been advocating for a single-slab GST for India. It is a flawed idea. A single-slab GST can be described as a single-slab GST (19659004) Being fascinated by the Singapore model is understandable, but the population profile of a very different. Singapore can charge seven per cent GST on food and seven per cent on luxury goods. Will that model work for India? "Jaitley said.
Jaitley, in an article titled 'The GST Experience', on the first anniversary of the tax being imposed, said that it could be rationalized after collections had stabilized. "The others could be taxed higher. Eventually, as the collections improve, many more items from the 28 per cent category can possibly come down.
Referring to the issue of levying GST on petroleum products, Jaitley said that while the UPA had kept the petroleum products still outside the GST, the Modi government had made the leviable under GST and could gradually impose GST when the Council decided. "For this, I would continue to make my earnest efforts, and hopefully, when it would be better to strike a consensus between them."
He further said that while Rahul and former finance minister P Chidambaram had repeatedly asked that the petroleum products be forthwith brought under the GST regime, the finance ministers of Congress-ruled states were against it.
The minister said that when the GST was launched on July 1, 2017, the government was advised by the Congress to postpone it. "A reluctant government can never take reformist decisions. We went ahead. At the initial stage, we fixed the first set of rates. A large number of requests, from the industry, and therefore, we started rationalizing the rates, "he added. On the GST Council, Jaitley said it was India's first experience in cooperative-federalism-based decision-making. "
GST debate
As the collections are
While the UPA had kept petroleum products still outside of the GST, the Modi government had made them vulnerable under GST and could gradually impose GST when the Council decided on it.
The finance ministers of Congress-ruled states are against bringing petroleum products under GST.
Source link
