Piyush Goyal the Finance minister in his recent debate over GST said that in the last one year, the GST Council has reduced rates on 384 items and 68 services. “186 items and 99 services were exempted from GST. Also, sanitary pads were exempted from the GST,” he said.
Referring to the recent growth forecast about India by the IMF, he said
“I think India’s economic growth will be better than this forecast.”
India is projected to clock an economic growth of 7.5 per cent in the 2019-2020 fiscal year. The Minister said “now the entire world believes that India will again become the Golden Bird under the leadership of Prime Minister Narendra Modi”, adding that the reform measures like introducing GST undertaken by the government have benefited India and the rest of the world.
Source: The Business Standard
Isn’t your business GST-compliant yet? Use Vyapar GST App
Download the BEST GST Compliant Mobile Billing App