"In the early stage, these entrepreneurs suffered from decisions such as demonetisation and haphazard implementation of Goods and Services Tax. It has affected loan recovery," an editorial in party mouthpiece 'Saamana' read.
Several states including Punjab, Himachal Pradesh, Chattisgarh, Uttarakhand, Jammu and Kashmir, Odisha, Goa, Bihar, Gujarat and Delhi are facing revenue shortfall following the implementation of goods and services tax (GST).
The Council also allowed Kerala to levy a 1 per cent disaster cess on intra-state sale of goods and services for a period of up to two years to mobilise revenues to meet the cost of rehabilitating parts of states that were ravaged by floods last year.
Jaitley, in a Facebook post, criticised the Congress legacy of 31 per cent indirect tax, terming the pre-GST regime as the “worst indirect tax” system in which 17 taxes were levied with the standard rate at 31 per cent.
Thousands of farmers from across the country have taken to the streets. ‘Dilli chalo’ is their slogan. What do they want? And is agrarian distress this government’s biggest problem? Harish Damodaran explains.
Bengal FM Amit Mitra talks about demonetisation, the problems with GST, failing Centre-state relations, the need for protecting and building institutions such as the RBI and CBI, investments in the state, and what the BJP “doesn’t get about Bengal".