India, Aug. 20 -- Union finance minister Nirmala Sitharaman said at a key meeting on Wednesday on the Goods and Services Tax (GST) that a rejig in the rates - reducing it mostly to two slabs of 5% and 18% - will provide relief to the common man, particularly to farmers, the middle class and small enterprises.
"The next-generation GST stands on three pillars: structural reforms, rate rationalisation, and ease of living," she said at a Group of Ministers (GoM) meeting with states in Delhi, PTI reported.
Prime Minister Narendra Modi announced the GST rejig plans during his Independence Day speech last week.
On Wednesday, Sitharaman showed to the state GoMs her government's plans as these groups hold meetings over two days. The meetings ar...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.