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Prime Minister Narendra Modi today ruled out a single tax rate under the GST, stating that the GST had resulted in an increase of more than 70% in indirect taxes. The Mercedes car and milk can not be taxed at the same rate, adding that accepting the congressional party's demand for a uniform rate of 18 percent would lead to an increase in the taxation of food and essential goods [19659002]. Within one year of its launch, the GST resulted in an increase of more than 70% in the indirect taxpayer base, dismantled the checkpoints and amalgamated 17 taxes and 23 credits into one tax [19659002]. He added that the goods and services tax is an evolving system that is calibrated based on the reactions of governments, other stakeholders.
"It would have been very simple to have a single plate, but that would have meant that we could not have food products at a tax rate of zero percent. milk and Mercedes at the same rate?
"So when our congressional friends say that they will only have one GST rate, they actually say that they will tax them." food products and products that are currently at zero or 5%, at 18%, "he said in an interview with the magazine" Swarajya ".
PM Modi, according to a partial transcript of the 45-minute interview posted by Swarajya on his website, said against a total of 66 million indirect taxpayers registered since independence, 48 new lakh companies since the launch of the GST on July 1, 2017.
"About 350 more crores were processed and 11 crores were produced., if the GST was indeed very complex?" he asked. "Checkpoints across the country have been abolished and waiting lines at the borders are not more numerous: not only do the truck drivers save valuable time, but the logistics sector is strengthening and increasing the productivity of our country. if the GST was complex? "
To a question about the criticism of the implementation of the GST, he said that the new tax regime was a mbadive change, requiring a complete reset of one of the largest economic systems in the world. When we finally introduced this tax, we made an effort to make it simple and to ensure the sensitivity of the system. There are often start-up problems when a reform of this magnitude is Not only identified, but also addressed in real time, "he said.
The GST, he said, saw Indian cooperative federalism at its best. "We have consolidated the states and proactively developed a consensus where the first governments failed."
The Prime Minister said earlier that many taxes were hidden and that the GST "what you see is what you pay". The government has reduced taxes on nearly 400 groups of articles, while about 150 groups of articles have a tax rate of 0%, if we look at the rates, for the most commodities, the rate has gone down. rice, wheat, sugar, spices, etc., the total tax collected has been reduced in most cases.A large number of items of daily use are exempted or in 5% of the Some 95% of the items fall in / below the 18% He said that the GST was designed to eliminate Inspector Raj with the help of information technology. From returns to refunds, everything happens online, says the Prime Minister
