Modi will give great relief to GST! 99% of the goods will come in slabs below 18%

Prime Minister Narendra Modi says that the government’s goal is to bring 99 percent of the goods to the GST (commodity and service tax) slab of less than 18 percent and warn them of strict action against the non-payment of non-payment of loans and fugitives to the bank.

Modi said, “Before the GST, the number of registered industries was 65 lakh, which now has increased by another 55 lakhs. Today the GST system has been set up to a great extent and we are working in a system where 99 percent of the items can be brought to the slab of 18 percent.

The PM of India Narendra Modi also warned that the financial fugitives and defaulters of banks that they will not be spared, and they will be prosecuted under bankruptcy and bankruptcy code 2016 (IBC), Fugitive Economic Offenses Act 2018 and others.

The honorable PM also counted the achievements of the country for the last five years and said that the country is taking the first step towards becoming an economy of 5000 billion dollars.

PM Modi said, “Four years ago someone thought that the country would come in 142 to 77 in the ranking of the nation of doing business, India is stepping at the fastest pace in coming to the top 50. Was it four years ago that someone thought that more people would be traveling in the AC train in India? Will you be sitting on the plane? Did four years ago somebody thought that rickshaw pullers, even vegetable, and people from all aspects of life will also be using the Bhim app, raising their self-confidence by placing a debit card in their pocket?

He said, “Did anyone four think that the aviation sector of India will grow so fast that the companies will have to order a thousand new airplanes? And you will be surprised to know that there are a total of 450 helicopters from our country till independence, be private, public, government, whatever.

He further added that “Four years ago someone thought that National Waterways would become a reality in India, a ship from Kolkata will run on the river Ganga and bring the goods to Benaras? Did four years ago somebody thought that we would be testing in India without an engine-based AC train, which would run at 180 km/h? ‘

Modi said, ‘Did anyone ever think that India will excuse 100 satellites once and grow towards the Gaganyaan mission?’ The goal of the Gaganayan Mission of the Indian Space Research Organization (ISRO) is to take astronauts into space by 2022. There was also a debate between top political figures in this conference.

Image Credit & Courtesy: The Wire.