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Modi hails implementation of GST

Mon, Jul 02, 2018, 12:56 PM
Prime Minister (PM) Narendra Modi on Sunday ruled out a single tax rate under the Goods and Services Tax (GST), saying Mercedes car and milk cannot be taxed at the same rate and accepting Congress party’s demand for a uniform 18 per cent rate would lead to a spike in food and essential items’ taxation. Modi said the GST has, within one year of its launch, led to over 70 per cent jump in indirect taxpayer base, demolished check-posts and merged 17 taxes and 23 cesses into one single tax.
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