GST reform will be a milestone towards confidence India: CP Joshi

ChittorGarh, September 16 (IANS). Bharatiya Janata Party (BJP) MP CP Joshi, which describes the reforms described in the object and Service Tax (GST) in the national interest, said it will give a great relief to the countrymen and a new speed for the economy. GST reforms have been described as a historical and visionary step by Prime Minister Narendra Modi. He said that the purchasing power of the public would increase due to reduced taxes. CP Joshi, while addressing the press conference, described the GST reforms Next Gen-2 declared by Premier Narendra Modi as a historical and visionary step. He said this decision would be a milestone towards self -sufficient India. This gave simultaneous relief to the poor, farmers, middle -class families and traders. This reform applies on September 22 and to favorable occasions such as Navratri and Deepawali, this gift will not only improve the standard of living of the people, but will also give a new pace to the economy of India. MP Joshi said the purchasing power of the public would increase due to reduced taxes. If people do more shopping, demand will increase in the market, production will increase and new jobs are created. Small and medium industries will also strengthen this improvement. He also said that tax policies of different states confused the trade before 2014, but that the integrated tax system applies in the entire country today. This vision of the Modi government works to give each class relief, along with making India self-sufficient. LP Joshi said that the way Premier Modi has made a radical change in the tax structure will not only be policy reforms, but the basis of the economic power and prosperity of India of the people. Tax reforms have been reported many times since independence, but for the first time it has happened that the ordinary man has benefited directly by giving it a simple and practical look. He said that the first tax was the four plates 5, 12, 18 and 28 percent, which is now reduced to only two pages 5 and 18 percent. This major change will make the tax system very simple and will benefit both traders and consumers. He said that items, food items, medicine, medical oxygen, glasses and sports equipment of domestic use are now under the five percent tax category. Due to reduced taxes on goods such as car, fridge and AC, consumers will at the same time benefit from 50 thousand to one and a half lakh calls. This improvement has also brought great relief to the farmers, as tractors, tires, drip irrigation systems and agricultural equipment have now joined the Five percent GST category, which will reduce the farm’s costs and benefit the farmers directly. MP Joshi finally expressed gratitude to Premier Modi, saying that this reform will not only give new direction to the economy, but that India will also be rich and empowered by favoring each class. -Ians Ash/DSC shares this story Tags