Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that 99% items attract sub-18% GST slab. Before implementation of the GST, registered enterprises numbered 65 lakh, which has now risen by 55 lakh, Mr. Modi said. System in place “Today, the GST system has been established to a large extent and we are working towards a position where 99 %items will attract the sub-18% GST slab,” he said. “The country was demanding GST for decades. I am pleased to say that GST implementation has removed contradictions in the trade market and efficiency of system is improving. “The economy is also getting transparent,” the Prime Minister said.
