Live
- Government Prioritizes Welfare of the Poor, says Dola Sri Bala Veeranjaneyaswamy
- Two Russian oil tankers with 29 on board damaged due to bad weather
- Telangana's Traditions Will Be Protected, Village by Village : BRS Leader MLC K. Kavitha
- Uganda to relocate 5,000 households from landslide-prone areas in eastern region
- Harish Rao Criticizes CM Revanth Reddy: "His Time is Over"
- Vijay Sethupathi Hails 'Vidudala-2' as a Theatrical Game-Changer
- Sahaj Yog: A Path to Inner Transformation and Harmony City takes giant strides
- Allu Arjun meets his uncle Nagababu at his residence
- J&K L-G felicitates Langar organisations & NGOs for contribution during Amarnath Yatra
- Hit by Covid, MP's Rakesh Mishra sees revival of his fortunes, courtesy PM SVANidhi scheme
Centre will provide solutions to GST problems: Sujana
Union Minister of State for Science and Technology and Earth Sciences Yalamanchili Sujana Chowdary promised that the Centre would provide solutions to the problems that might arise due to implementation of Goods and Services Tax (GST), which came into effect from Saturday.
Says it is the second version of Tryst with Destiny
Vijayawada: Union Minister of State for Science and Technology and Earth Sciences Yalamanchili Sujana Chowdary promised that the Centre would provide solutions to the problems that might arise due to implementation of Goods and Services Tax (GST), which came into effect from Saturday.
He participated as chief guest at the Chartered Accounts’ Day celebrations organised by the Institute of Chartered Accountants of India (ICAI) here on Saturday. Replying to questions after addressing the gathering, the minister said that no problem takes birth without a solution. “GST needs new versions just like mobile phones come up with new version of android,” he added.
When a trader asked that he had to pay 18 per cent for buying goods under GST from existing 5 per cent, the Union minister convinced the trader that he would get back his margin and there was no need to panic. “Centre will come up with solutions to all problems that will surface in implementation of GST,” he assured and urged the CA fraternity to create awareness among their clients on GST. “The effort of the NDA regime was to cleanse the system and make GST short form for Good Simple and Transparent,” he quipped.
Stating that 85 per cent of GST was handled by hardware and software and a little effort would be sufficient to practice. Stating that GST was not old wine in a new bottle, he termed it a ‘desi’ model with new wine in a new bottle. Portraying GST as historic, Sujana compared it with second version of ‘Tryst with destiny’. “With GST, India had turned economically unified,” he added. Sujana said beauty of democracy was witnessed with the GST as for inclusion of every aspect, a voting was conducted.
Mooted since 2012, the GST was finalised after many panel discussions. In fact the UPA started initiative and NDA carried it forward. There was no use if good law implemented badly. As many as 28 States gave their consent for the GST, he claimed.
Sounding optimistic on the new tax, the Union minister hoped that the world would follow India on GST. The system caused no job losses. He informed that the Centre had received 10,000 e-mails so far on the GST.
