Pradip Bhandari,Jan Ki Baat on BTVi gives slogan on Modi Sarkaar ka GST Sudhaar


Goods and Services Tax came into existence from July 1, 2017. In simple words, GST is a combined tax that would be levied in order to minimise all the other taxes.

Although, it proved beneficial for some, it also made many worse-off. It has been three months since GST has been rolled out. So, it becomes necessary to discuss and talk about the consequences for any further changes.

On 6 October, the government presented some new amendments to GST.

Pradip Bhandari summarised this change in a single hastag- ‘Diwali ki pukaar, Modi sarkar ka GST Sudhaar’.

Here is what he said-

“This is clearly a decision taken for the exporters who were feeling the brunt of the whole compliance.”

“The Reverse charge mechanism is a big revolutionary step.”

“There is clash between the critics who are asking if the government is acting in an ad hock manner while they say that it is a responsive government.”

“The Finance Minister Arun Jaitley stated that the country should move towards a lower tax base and less GST rates. This requires a roadmap.”

Here are the key changes that took place-

  • A relief for small and medium traders and also exporters.
  • The council agreed to raise the threshold for the composition scheme.
  • RBI Governor has suggested simplifying GST to boost growth.
  • The reverse charge mechanism has been suspended till March 2018.
  • One decision was to let businesses with less than 1.5 crores annual turnover to pay taxes on a quarterly basis.

To know in detail, click here.

GST, from the very inception of its idea till now has always been a burning issue to the people. This is something that can modify our economy incredibly.

Jan Ki Baat will give more updates on GST. Keep following us.

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