GST Council meeting: PM Modi says will make GST ‘even simpler’

PM Modi said that the GST is in accordance with the government's efforts to safeguard the interests of the  citizens and ensure the growth of Indian economy.

By: Express Web Desk | New Delhi | Updated: October 7, 2017 8:18 am
narendra modi quotes, modi top quotes, narendra modi photos, modi photos, modi pics, pm modi images, pm modi icsi speech, pm modi tv speech on economy, indian express PM Modi said that the composition scheme has been made more attractive and other facilitation measures will make the GST even more people-friendly and effective. (Photo: PTI)

Prime Minister Narendra Modi on Friday hailed GST Council’s decision to lower rates for 27 commodities and increase the turnover threshold to Rs 1 crore. In a series of tweets, the Prime Minister said that the new changes will made the Goods and Services Tax “simpler”. “Good and Simple Tax (GST) becomes even simpler. Today’s recommendations will immensely help small and medium business.” PM Modi said. Modi went on to extend his congratulations to Union Finance Minister Arun Jaitley. “I congratulate FM @arunjaitley & his team for engaging with various stakeholders for extensive feedback which led to today’s recommendation,” PM Modi said.

Modi’s remarks came after GST Council made sweeping changes to GST, in a move to give relief to small and medium businesses. The council on Friday hiked the turnover threshold to Rs 1 crore for businesses to avail of the composition scheme that allows them to pay 1-5 per cent tax without having to go through tedious formalities. Speaking to reporters after the 22nd meeting of the GST Council, Union Finance Minister Arun Jaitley said, “Compliance burden of medium and small taxpayers in GST has been cut and the eligibility of Composition Scheme has been raised to Rs 1 crore.”

Read | GST rates on 27 items reduced, threshold for composition scheme raised to Rs 1 crore, says Arun Jaitley

In a tweet, PM Modi said that the new measures will make GST more effective. “Composition scheme has been made more attractive & other facilitation measures will make the GST even more people-friendly & effective.” He further added: “GST is in line with our constant endeavour to ensure interests of our citizens are safeguarded & India’s economy grows.”

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  1. M
    madhu
    Oct 7, 2017 at 5:28 am
    Do you understand what you are saying
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    1. B
      Birendra
      Oct 7, 2017 at 5:09 am
      feku ji aab thono augliya apna pichila dal lo
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      1. Saji Antony
        Oct 7, 2017 at 5:01 am
        A bureaucratic mess. that is called GST. Gives the big mouth Jetley power like a King. Modi is just his talking mole, who simply depend on Jetley to implement anything in the country. Just fix a simple one tax and get out of this mess.
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        1. Asokan Andy
          Oct 7, 2017 at 4:59 am
          Good, such a transformative change takes time to stabilize.most important is this monthly review process. Give govt time, ultimately idea of one tax all over India can never be bad for India. I don't know why people oppose Hope ultimately petrol and diesel comes under GST.
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          1. M
            madhu
            Oct 7, 2017 at 4:48 am
            Time change finance minister who is capable if you are honest some who knows economics. People do not have any trust on hype any more Like PV selected DR. Singh.
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